GAIL’S (BREAD HOLDINGS) acquired by BAIN CAPITAL

Sun Communities has entered into a definitive agreement to acquire Park Holidays UK, the second-largest operator of holiday parks in the UK, marking the company's entry into the British market for leisure and vacation homes. The US-based group is acquiring a portfolio of holiday communities primarily located in popular coastal areas in southern England. The acquisition represents a natural extension of Sun Communities' business and is in line with its international expansion strategy. It provides a premier growth platform in a still-fragmented UK market, while further diversifying the company's geographic footprint

PAI Partners acquired a majority stake in European Camping Group from a consortium including Carlyle, Montefiore Investment, and Ontario Teachers' Pension Plan (OTPP). The deal was backed by an Ares unitranche financing. PAI's entry is intended to support an aggressive consolidation strategy, targeting 5 to 10 campsite acquisitions per year to reinforce ECG's position as the dominant pan-European platform.

FAT Brands Inc. completed its largest-ever acquisition by purchasing Global Franchise Group from Serruya Private Equity and Lion Capital. The deal added Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery, and Pretzelmaker plus Atlanta manufacturing, doubling FAT's portfolio to 2,000+ units with $1.4 billion system-wide sales. Rationale emphasized diversification into pizza/desserts/snacks complementing FAT's burgers/chicken, leveraging GFG's resilience and synergies for $40 million EBITDA uplift to $55-60 million annually

Sendaya, a specialist in outdoor accommodation with more than 33 campsites under management, will welcome Infravia as its new majority shareholder alongside two new minority shareholders, following Apax Partners' decision to sell its shares.

In September 2020, Buffalo Grill acquired its competitor Courtepaille out of receivership, a legal process initiated in July 2020. Courtepaille's financial distress, which pre-dated the pandemic, was severely exacerbated by the COVID-19 lockdown and the preceding french social crisis, culminating in its inability to secure a state-guaranteed loan. The Commercial Court of Evry selected Buffalo Grill's bid over several competing offers, including a notable one from Groupe Bertrand. The court's decision was based on Buffalo Grill's superior proposal on both financial and social grounds

Vendis Capital, a Belgian private equity fund, has taken a minority stake in the fast-casual restaurant chain Pokawa to accelerate its ambitious growth strategy. The founders, Maxime Buhler and Samuel Carré, selected Vendis Capital from a pool of twelve potential investors, citing a strong alignment on the company's vision and development path. The transaction provides Pokawa with the financial resources to pursue its goal of becoming the European, and ultimately global, leader in the poké bowl market segment

TowerBrook Capital Partners has acquired the restaurant operator Azzurri Group in a pre-packaged administration deal. The transaction was necessitated by the severe financial distress Azzurri faced due to the operational shutdown mandated during the coronavirus pandemic. The lockdown period had a profound and detrimental impact on the UK's hospitality sector, rendering the company's existing capital structure unsustainable. This acquisition was structured to salvage the core business and provide a path to long-term viability under new ownership

TUI AG has reached a definitive agreement to contribute its 100% subsidiary, Hapag-Lloyd Cruises, into its TUI Cruises joint venture with Royal Caribbean Cruises. The strategic rationale for this "intra-group" merger is to expand the successful TUI Cruises joint venture model into the rapidly growing luxury and expedition segments. By integrating Hapag-Lloyd Cruises into the JV, the partners aim to leverage Royal Caribbean’s global shipbuilding and digital capabilities alongside TUI’s localized distribution strength to accelerate fleet growth

PureGym has signed a definitive agreement to acquire 100% of Fitness World Group. The deal is financed through a committed bridging instrument, supported by a £35 million upsize to PureGym’s Revolving Credit Facility (RCF), with plans to replace the bridge with EUR senior secured debt in early 2020. Strategically, the merger is transformational, creating a pan-European operator of massive scale with nearly 500 gyms and 1.7 million members across four countries (UK, Denmark, Poland, and Switzerland)

Yum! Brands entered a definitive agreement to acquire The Habit Restaurants, Inc., adding the fast-casual charburger chain to its portfolio. The strategic rationale centers on Yum!'s desire to diversify beyond traditional QSR into the higher-margin fast-casual segment where The Habit Burger Grill has established premium brand positioning and strong unit economics. The Habit's chargrilled menu featuring fresh beef burgers, marinated chicken, and sushi-grade tuna offers clear differentiation from Yum!'s existing chicken, pizza, and Mexican concepts while appealing to the same value-conscious consumer seeking quality upgrades