UK PE firm Epiris is in talks to buy KKR-backed restaurant operator Casual Dining Group, according to Sky News. Other suitors for the crisis-hit business include Elliott Management, but Epiris is understood to be the frontrunner. CDG, which is behind restaurant chains Bella Italia and Café Rouge, started bankruptcy proceedings this month. KKR’s credit arm acquired CDG alongside Pemberton in 2018 through a debt conversion deal.
Source: Pitchbook
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