Incredible place for a night out Average Rating 100. Use the PitchBook Platform to explore the full profile. Fury over plan for taxpayer handouts for 'vampire' private equity firms who own troubled high street brands including Pizza Express and Prezzo Treasury looking at … Pizza Express was founded and remains headquartered in the UK however it was sold to a China-based private equity firm in 2014. I want to keep this place just to myself but that is too selfish of me, so I decided to tell others of what a great experience and friendly staff. Company Description. This book brings together 84 of the best articles, with updates, in a single volume. What makes them unique is that Luke Johnson is not just a first-class writer, he is also one of Britain's most successful entrepreneurs. Pizza Express - owned by Chinese private equity firm Hony Capital - is grappling with a £1.1billion debt pile, of which £665million is owed to bondholders. Each pie is handcrafted using … In July 2020, … Company Video . Pizza Express is preparing to shut dozens of restaurants as Britain's biggest casual dining chain grapples with the fallout from coronavirus and a cumbersome £1.1bn debt pile. Found inside – Page 210Pizza Express sacked a waiter who revealed the company kept 8% of tips as an “admin fee” in 2009 while in the same year Zizzi ... it owes to the Blackstone private equity fund, which owns the group through a Cayman Islands subsidiary. That sale is being run separately from the company’s restructuring process. The private equity group is holding talks with bankers about plans to … Gavin Manson, finance chief of Electra, said private equity ‘played a significant part’ in a ‘very real oversupply situation’. Founded in 1965, Pizza Express employs 14,000 people and is now owned by Chinese private investment firm Hony. 830 W Southern Ave Ste 8. In early August, Pizza Express said it had hired advisers from Lazard to lead a sale process for the business. PizzaExpress pizzas cost approximately $20 per person in China, significantly more than the average $4.80 Chinese customers typically spend at a pizzeria. The Gondola Group ('Gondola'), the market leader in the UK casual dining sector, and Hony Capital, a leading private equity firm in China, today announce that they have reached agreement on the sale of PizzaExpressfor a consideration of approximately £900 million. Chinese private equity firm Hony Capital has bought the UK restaurant chain Pizza Express. Found insideIn business he founded PizzaExpress and was the first personto import Peroni beer into the United Kingdom. The business was listed and isnow owned by a private equity group who atthe time of writing are looking tosell for a billion ... That sale is being run separately from the company’s restructuring process. The transaction is the largest seen in Europe's casual dining industry in the past five years, Hony said in a statement. Found insideSo, out of curiosity, on one of the occasions when I would otherwise have gone to Pizza Express, ... In February 2019, a private equity fund bought Patisserie Valerie out of administration and 96 branches are still open. So quick, so good, so easy! Posts about Private Equity written by ollylovat. All other marks contained herein are the property of their respective owners. The Guardian reports that the chain’s Chinese owner, Hony Capital, could lose control of the company as part of a debt-for-equity swap. Pizza Express already had problems before coronavirus, namely the high interest payments on its £1bn debt pile. Much of that debt goes back to a 2006 takeover by private equity firm Cinven. Cinven borrowed money to buy Pizza Express, saddling the company with the debt. Sky News has learnt that Hony Capital, which manages roughly $7bn (£4.1bn) on behalf of clients, has approached a number of UK and US-based buyout funds about the possibility of tabling a … YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Start It Up is that all-too-rare thing: a how-to book by someone who actually has. Found insideIn early 1995, numerous new private equity firmswere created, including PolandPartners (later named Innova Capital—$65 million),thePioneer PolandFund(1995; $60 million), ... (officesupplies), and PizzaExpress (restaurants). According to Hony’s chief executive John Zhao, the firm now considers overseas acquisitions to be one of the driving forces behind its overall business strategy and growth development. As a result, in 2013 the group sold the Byron Hamburgers brand for around £100m to Hutton Collins Partners. Pizza Express at 2515 N Scottsdale Rd, Scottsdale, AZ 85257. How Hony and PizzaExpress market the brand in the Chinese market will be crucial to the success of the venture. Pizza Express calls in financial advisors ahead of talks with creditors over £665m debts - sparking fears restaurant chain will be next big name to disappear from Britain's High Street. The chain has 477 restaurants and five franchise sites. Pizza Express was founded by Peter Boizot in 1965, below is a brief history of the company and how it evolved. Mr Hodgson will retain his position once the Hony acquisition has been completed, with his existing management structure remaining intact. YP, the YP logo and all other YP marks contained herein are trademarks of YP LLC and/or YP affiliated companies. The "express" pizza toppings vary but honestly, you can't go…, From Business: Pizza & Wings Express offers a variety of mouth-watering pizzas, wings, and sandwiches. LONDON (AFX) - Private equity firms TDR Capital and Capricorn Ventures will launch a joint bid for PizzaExpress PLC this week, the Mail on Sunday reported without citing sources. Italian restaurant chain Prezzo has been snapped up by private equity giant Cain International. Hony Capital, the Chinese private equity fund, has acquired Pizza Express from Gondola Group, backed by Cinven, in a deal worth £900m. The company is now owned by Chinese private investment firm Hony, which acquired it … I highly recommend this place,the people are great, the food is great and they usually have sports on…. In 2014, Hony Capital, the Chinese private equity firm, acquired the chain. Brentwood Associates is a leading middle market private equity investment firm with $2.4 billion of assets under management and a 30-year history of investing in leading growth companies. Hony Capital has agreed to acquire Pizza Express from its owner Gondola Group in a deal worth about £900 million ($1.5 billion; €1.1 billion), according to a statement. The Italian restaurant chain said its £55.8m loss … Found inside – Page 390... 199 Pfizer 316 Philippines 56,57,162 PhoneCo 298 Pizza Express 152, 184 Pizza Hut 210,299 pluralist 343 pluralist ... 67, 68 private employment agencies 43–4, 50 private equity 171 problem-solving groups 158,159 procedural agreement ... The Pizza Express chain, which has over 400 restaurants in the UK, is being bought by Hony Capital from the London-based private equity firm … August 20, 2020. The deal for PizzaExpress is Hony’s largest overseas deal to date. Accounts for the 52 weeks to 30 December 2018 show EBITDA for the group, which operates … Update 30/10/2020: Pizza & Wings Express. Found inside – Page 300... expertise Pfeffer, J. 125, 126 PIIGS countries 15 Pizza Express 11 Pizza Hut 11 planning, of MUL activities 94–6, ... 56–7 price promotions 52 range pricing 60 private equity firms 41 private label products 55 process quality 59–60 ... In July 2014, the group was sold to the China-based private equity firm Hony Capital in a deal reportedly worth £900million. Despite being popular, it appears not popular enough to escape the difficulties from the tough UK trading environment and rising costs in recent years. A branch of PizzaExpress, one of the pizza chains belonging to Gondola Group, owned by private equity firm Cinven. PizzaExpress is a restaurant group based in the United Kingdom and owned by a group of bondholders. The difference in those price points is all about the sides that come with the value meals. Beijing-based Chinese private equity firm Hony Capital has acquired British food brand Pizza Express for £900 million (US$1.2 billion) in the biggest acquisition of a European food company in the past five years, according to a company announcement made by Hony Capital.. Hony bought the restaurant chain from London-based buyout group Cinven, which purchased Pizza Express for £1.3 … Pizza Express is owned by Chinese private equity firm Hony Capital (Image: GETTY) Lisa Hooker, consumer markets leader at PwC, said: "Looking … The business man died in December 2018, but by then the restaurant chain had already been acquired by Hony Capital, a Chinese private equity firm, in an deal said to be worth £873 million in 2014. Hony Capital are still the current owners of Pizza Express and the company facing talks about the restaurant chain’s future. The deal for PizzaExpress is Hony’s largest overseas deal to date. YUM! Found inside – Page 46A waiter at PizzaExpress, Nabil Guirguis, was allegedly dismissed for talking to the media about the practice, which the private equity company insists is fair. The British Hospitality Association, which represents restaurants, ... Mesa, AZ 85210. Hony Capital, founded in 2003, is sponsored by the Lenovo Group as well as Chinese and global institutional investors. However, Cinven opted instead to sell off the Gondola assets individually as the firm felt that it would struggle to sell the entire business to a private buyer. The 56-year-old pizza chain was facing severe financial challenges when the first lockdowns hit as it battled to service a £1.1bn debt pile built up through successive sales to private equity groups. The firm investigated the possibility of divesting the entire Gondola Group, the parent company that owns the pizza chain and a number of other restaurant assets, including Zizzi. Hony Capital, a Chinese-headquartered private equity fund, bought Pizza Express from Cinven in 2014, in a £900m leveraged deal. Pizza Express to reopen all sites in England, Scotland and Wales. Laden with big debts, ... Pizza Express is understood not to be currently in breach of its loan covenants, however. The Chinese private equity firm bought Pizza Express in a £900 million leveraged buyout in 2014. Found inside – Page 13The private equity arm of Lloyds backed Horler , the former chief executive of La Tasca , in the acquisition of Ego ... structure at Pizza Express , Nick Young , In company accounts , Everards critioperations director , has left the ... Chilango 22 July: Has admitted being on the brink of collapse, with the potential loss of 152 jobs. Pizza Express is reportedly fighting to avoid going into administration. Private equity owner Hony to cede control to bondholders A PizzaExpress Ltd. restaurant sits empty in the West End district in London, on March 20. Company Type Private Company. The group has to pay the first instalment of its debt repayments, worth £465million in secured bonds, by August 2021. In Britain, you either live near a Pizza Hut or a Pizza Express. Stuart Coventry and Johan Aksel Bergendorff of Jamieson Corporate Finance advised the management team of Pizza Express. Founded in 1965, Pizza Express employs 14,000 people and is now owned by Chinese private investment firm Hony. A little over 400 of those stores are in the UK and 22 of them are located in China. Hony Capital buys PizzaExpress for about £900 million ($1,540 million). Found insideMetrodome Group Plc Pizza Express Ltd Really Useful Holdings Ltd Wimpy Restaurants Group Ltd 04576 05232 05472 06930 ... 02718 Electra Partners Europe Ltd 02818 Electra Partners LLP 02819 Electra Private Equity plc 02820 Invesco Asset ... Private equity is meant to be a brilliant way of transformi­ng poorly-run businesses into lean, mean profit machines. Cinven, the European PE firm which owns the PizzaExpress brand, first began to explore the possibility of selling the business in 2013. (480) 361-6815. The chain was sold as a going concern, meaning it was continuing to … Chinese private-equity firm Hony Capital Ltd. agreed to buy restaurant chain PizzaExpress for £900 million ($1.54 billion), among the largest European restaurant deals in the past five years. “We like to acquire and invest in these global brands, bring them to China and build growing businesses.”. Found insideFor 15 years Bain Capital has been the most profitable private equity firm in the world, doubling the value of its investments each year. Home delivery pizza used to be a local market. Expansion was constrained by the limit on how far ... Found inside – Page 53The leisure sector has been a firm favorite with private equity investors for several years . ... the owner of the British ASK and Pizza Express restaurant chains , was recently taken private following a successful bid from Cinven . Houlihan Lokey Inc has been recently appointed to help with talks between Pizza Express and creditors. Pizza Express ’ … The equity changes hands through private platforms and the shares are illiquid. The chain has over 500 stores. “China, in the last 20, 30 years, being busy becoming the world’s factory, has not done enough to produce brands, technology, service that could satisfy domestic requirements,” he said. In a statement announcing the deal Richard Hodgson, chief executive of PizzaExpress, said: “Asia is a key part of our future growth strategy and Hony’s expertise in this region will be invaluable. PizzaExpress was launched in 1965 by Peter Boizot. Yep, the popular Italian chain, which brought dough balls to all of our hometowns, is at risk of becoming the latest high-street eatery to collapse. Found insideThey might also welcome the technical/managerial expertise and contacts that many private equity funds can draw on ... Eye Iglo Cambridge Silicon Radio CenterParcs Deliveroo Phones4U Pizza Express/Zizzi/Ask – Gondola Group Plastic Logic ... According to a joint statement, once completed the deal will be the largest in the European restaurant sector in the last five years. The company generated revenues of £369.4m in 2013, as well as earnings before interest, taxes, depreciation and amortisation of £90m. Found inside – Page 552A List of the Directors of the Principal Public and Private Companies in the United Kingdom with the Names of the Concerns ... 0171-584 8255 Brown Rock Ltd • Jornal Group Plc • Pizza Express Plc • Residential Property Trust Plc • Star ... Found inside1 One interviewee cites the Pizza Express deal as a cautionary case. This 2 representative of an institutional investor in Chinese private equity firms notes that Hony Capital offered a price well beyond other bidders and questioned ... Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. One of China's biggest private equity firms is weighing up plans to buy a slice of PizzaExpress as the British restaurant chain accelerates its expansion in the world's most populous country. - Pizza Express, backed by Chinese private equity firm Hony Capital, is preparing to launch the restructuring of its 465 million pound debt pile due for repayment by 2022. Company Website . Chinese private equity (PE) firm Hony Capital Ltd agreed a deal in mid July to acquire UK based pizza restaurant chain PizzaExpress for $1.54bn. Laden with big debts, ... Pizza Express is understood not to be currently in breach of its loan covenants, however. From Business: Pizza & Wings Express offers a variety of mouth-watering pizzas, wings, and sandwiches. Website. In the past few months, Pizza Express announced its investor, the Chinese PE firm Hony Capital, had agreed to a restructuring deal, resulting in 73 stores closures and 1,100 job losses. Photograph: David Sillitoe for the Guardian. Pizza American Restaurants Italian Restaurants. Found inside – Page 299... Rock 16 Notonthehighstreet 39–40 Pizza Express 24 plan3D 129 PlanGuru 284 Porter, Michael 12, 25 Portugal: Agência Nacional de Inovação 292 Post-it 7 Press Gazette 119 PricewaterhouseCoopers 22 Prince's Trust 290 private equity 110, ... In Hong Kong, Pizza Express has 23 restaurants. Pizza Express's balance sheet has been boosted by £80m, according to the Telegraph. Found inside – Page 28... private equity supported bids are essentially an attempt to take a public company private on the cheap . This view is apparent from , for example , the bids by Moray for Fitness First ( 2003 ) , Gondola Express for Pizza Express ... Pizza Express is set to issue £335m of five year non-call two senior secured notes and to obtain a £30m super-senior revolver. Found inside – Page 18The farmers are now getting a return of Shazad Fruit Farm : The Renala PIZZA EXPRESS serves the authentic Rs . 10,000-12,000 ... to Mitchell's Fruit Farm as they have SUBWAY ( PIDC ) has shown their interest in reduced to non - equity . Most of us love pizza and Italian food, whether this is sitting lakeside in Garda with a glass of wine or munching through a New York style pizza at 2am, it is amazing how such a simple dish has traversed the globe and is eaten by all members of society. Found inside – Page 220220 PRIVATE EQUITY The roots of Abraaj could be traced back to Arif Naqvi's first investment firm, Cupola. ... including Color4Kids (a children's furniture franchise), TGI Friday's, Pizza Express, Viacom, and Thomas Cook. At the start of the Pizza Express empire, Mr Boizot’s takings were only £3. The business man died in December 2018, but by then the restaurant chain had already been acquired by Hony Capital, a Chinese private equity firm, in an deal said to be worth £873 million in 2014. Information on valuation, funding, acquisitions, investors, and executives for PizzaExpress. Found inside – Page 25Management " deemed it prudent to impair certain investments and in certain instances fast track the amortisation of ... Capricorn has now offered £ 278m for the entire Pizza Express business ( in conjunction with private equity ... Sold to private equity. Found inside – Page 352... as facilitator of knowledge sharing 244 Pier 272 Pizza Express teaches staff to flirt with customers 34 pluralistic ... 276 PricewaterhouseCoopers (PwC)296 private enterprise 11 China 55 private equity finance 306–7 private sector ... Historically, Hony Capital has been a China focused middle market firm, which has been backed by Legend Holdings, however of late the group has begun to look overseas for investment opportunities. Found inside – Page 112Antony Ball, doyen of South African private equity industry Mayfair, England, 1996 Here's how accidental weak links ... Luke told Robin about the circumstances surrounding his departure from Pizza Express, a restaurant chain he had ... Found insideHis pitch seemed to strike particular interest with Hony Capital, a private equity firm that was a spin-off of the ... made two splashy investments that crossed borders: it had bought the British pizza chain PizzaExpress and plowed ... The Chinese company bought … The company is now owned by Chinese private investment firm Hony, which acquired it in 2014 from UK private equity firm Cinven. Several victims of the pandemic are private equity-owned restaurant empires, which have feasted on the sector for years. According to a joint statement, once completed the deal will be the largest in the European restaurant sector in the last five years. Hony, the Chinese private equity firm that owns Pizza Express has debts of £1.1billion, around half of which has to be paid back in August. The company is now owned by Chinese private investment firm Hony, which acquired it in 2014 from UK private equity firm Cinven. Getting A Pizza The Action. Hony Capital, founded in 2003, is sponsored by the Lenovo Group as well […] The snacks and meals on the Cooper’s menu do, in fact, have lower price points. Indeed, by acquiring the PizzaExpress brand, Hony has become one of an exclusive group of private Chinese investment firms that has purchased an overseas consumer asset for more than a billion dollars with an eye toward further developing the asset domestically. PizzaExpress celebrated its 50th anniversary in 2015. Expansion in Asia is a key part of the growth strategy and Hony Capital will leverage local expertise to accelerate the restaurant chain’s growth in Asia. Zizzi and ASK currently operate 136 and 109 restaurants, respectively, across the UK. “Preferred” listings, or those with featured website buttons, indicate YP advertisers who directly provide information about their businesses to help consumers make more informed buying decisions. It's looking like a good outcome for pizza express bond holders that participated in the equity conversion, my holding has nearly doubled in the last few weeks. A world made happier by pizza! PizzaExpress saw pre-tax losses almost double to reach £55m in 2018 which it blamed on tough trading in the UK and overseas. What’s more, Pizza Express is owned by a Chinese private equity company, Hony Capital, which has greedily expanded the number of venues since it … The Premium Pizza Express Company Report contains critical information including: Revenue from previous years (2010 to present) Growth rate Estimated financials and profit margin Funding from Venture Capital and Private Equity firms Latest trademark applications Additional industries in which the company operates PizzaExpress introduced the Pizza Veneziana in 1977 to help save Venice from sinking by donating 5p of every pizza sold to the Venice in Peril Fund. Over the years the amount donated from each pizza has increased to 25p. Private Equity Winter is coming: Can private equity help keep restaurants warm? YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. Since its first overseas acquisition in 2008, Hony has been steadily increasing its holdings outside of China. Photographer: Simon Dawson/Bloomberg Pizza Express’s £665 Million Debts Are Set to Wipe Out Its Owner. King & Wood Mallesons (KWM) has advised Hony Capital, a leading Chinese private equity firm, in relation to the restructuring of the PizzaExpress … Each pie is handcrafted using the best ingredients: rolled, hand-tossed…, The pizza is great,reminds me of back home! Newly listed Bridgepoint cooks up £500m Whopper with plot to sell Burger King UK. The sale comes just as the business opened its first restaurant in Beijing, already having 12 sites in Hong Kong and nine in Shanghai. ... Tuesday September 15, 2020 2:20 pm. Found inside – Page 150Thus, according to the Independent newspaper (November 14, 2013): Gondola Group - which owns Pizza Express, Zizzi and Ask - has avoided as much as £77m in UK corporation tax since it was bought by the Cinven private equity fund in 2006. Heroes and Villains of Finance gives you a closer look at the biggest names that had the biggest impact, for better or worse. "This book is a marvellous introduction to a gallery of fascinating figures from the world of Big Money. PizzaExpress has around 400 locations in the UK but has been looking to increase its international standing for some time. PizzaExpress is one of several chains hit hard by the coronavirus lockdown. The UK Gondola Group confirmed the … Chinese PE firm Hony Capital has agreed to buy restaurant chain Pizza Express from UK-based private equity firm Cinven Partners for GBP900 million ($1.54 billion). Found inside – Page 17Originally , had a correlation of 0.51 with the private equity owners of the business - travel services subsequent two ... the shares are worth buying . cent of the shares in the owner Dominic Picarda of Pizza Express and ASK Central . Found inside – Page 987Kurt Geiger steps out with Cinven Kurt Geiger is trying on its third new owner in four years after a sale to private equity firm Cinven. The company, which previously owned Pizza Express, has bought UK's biggest shoe retailer by sales ... September 2014  |  DEALFRONT  |  PRIVATE EQUITY & VENTURE CAPITAL. For example, the suggested retail price point for a Champs Chicken 2-piece chicken tender meal is $6.59 and the Cooper’s Express 2-piece chicken finger meal is $5.19. The cash from Chinese owner Hony Capital will be used to pay down debt owed to bondholders as it … The distress is palpable from Debenhams to Pizza Express. Pizza Express is preparing to shut dozens of restaurants as Britain's biggest casual dining chain grapples with the fallout from coronavirus and a cumbersome £1.1bn debt pile.

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