Germans were poised to buy Jamie Oliver chain - News Summed Up

Germans were poised to buy Jamie Oliver chain


Jamie Oliver launched his Italian chain in 2008. At its peak it had more than 40 restaurants in the UK PAUL MILLER/EPAA German turnaround specialist was in advanced talks to acquire Jamie Oliver’s restaurant business until the day before administrators were called. Aurelius Group, a Munich-listed investment firm, was set to acquire a majority stake in a deal that would have given the business up to £10 million of new funding, The Times has learnt. Aurelius is understood to have been the preferred bidder from a shortlist that included Endless, another turnaround investor, and the Carlyle Group, the private equity firm. The German group’s investments include Ideal Shopping Direct,…


Source: The Times May 22, 2019 23:02 UTC



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