Private equity firm Apollo has agreed to acquire The Restaurant Group (TRG), owner of Wagamama, in a deal valued at US$623.4 million. This acquisition marks a significant move in the restaurant industry, with Apollo set to gain control of a major player in the UK dining sector. The Restaurant Group, which operates several well-known brands, is expected to benefit from Apollo’s resources and expertise in the industry.
TRG Concessions is the division that manages airport and rail contracts across the UK, with over 20 brands in its portfolio.
About The Restaurant Group (TRG)
The Restaurant Group (TRG) is a prominent player in the UK’s casual dining market. The company operates a variety of well-known restaurant brands, including Wagamama, Frankie & Benny’s, and Chiquito. TRG focuses on providing diverse culinary experiences, catering to a wide range of tastes and preferences. With a strong presence in high street locations and travel hubs, TRG is dedicated to delivering quality dining experiences and customer service, making it a significant name in the UK restaurant industry. trggroupltd.com
About Apollo Asset Management
Apollo Asset Management is a leading global alternative investment manager, specializing in credit, private equity, and real assets. The firm, known for its rigorous investment approach, manages funds for a diverse group of institutional and individual investors. Apollo is committed to delivering attractive returns through a range of strategies designed to meet the evolving needs of its investors. The firm’s extensive expertise and innovative financial solutions have established it as a key player in the asset management industry. apollo.com
For more details, you can read the full articles on The Moodie Davitt Report and on Reuters.