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
Can’t stop reading? Read more
Carlyle backs Mecachrome with €290m financing in aerospace credit push
Carlyle backs Mecachrome with €290m financing in aerospace credit push Carlyle has committed €290m...
Invesco teams up with LGT to push private equity and credit into wealth market
Invesco teams up with LGT to push private equity and credit into wealth market Invesco has...
Welsh Carson scores IPO exit as Lumexa Imaging raises $463m in US debut
Welsh Carson scores IPO exit as Lumexa Imaging raises $463m in US debut Welsh Carson Anderson...