PE-backed EG Group buys restaurant chain Leon for £100m

PE-backed EG Group buys restaurant chain Leon for £100m

EG Group, the petrol station business whose billionaire founders have pushed for rapid growth through debt-fuelled acquisitions, has bought healthy fast-food chain Leon for £100m as it expands into food retailing. Mohsin and Zuber Issa said the deal to acquire...
PE Firm Whitehorse Closes Fourth Secondary Fund at $4 Billion

PE Firm Whitehorse Closes Fourth Secondary Fund at $4 Billion

Secondary investor Whitehorse Liquidity Partners has collected $4 billion for its fourth fund, blowing past its target of $3 billion. The fund, Whitehorse Liquidity Partners IV LP, is double the size of its predecessor, which closed on $2 billion in October 2019. Of...