At what enterprise value was THE FULHAM SHORE acquired in 2023?

During the acquisition of THE FULHAM SHORE by TORIDOLL HOLDINGS CORPORATION / CAPDESIA GROUP in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of THE FULHAM SHORE when it was acquired by TORIDOLL HOLDINGS CORPORATION / CAPDESIA GROUP?

The estimated EV/EBITDA multiple for THE FULHAM SHORE is in the range of 10x - 18x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

What was the revenue of THE FULHAM SHORE at the time of the deal?

The revenue of THE FULHAM SHORE at the time of the deal is estimated to be in the range of 50M - 100M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of THE FULHAM SHORE during the acquisition?

THE FULHAM SHORE's EBITDA is estimated to be in the range of 5M - 25M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the THE FULHAM SHORE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the THE FULHAM SHORE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.theguardian.com/business/2023/apr/05/franco-manca-owner-agrees-to-93m-buyout-by-japanese-group-toridoll

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Home Database Retail & ConsumerTHE FULHAM SHORE

07/2023

THE FULHAM SHORE acquired by TORIDOLL HOLDINGS CORPORATION & CAPDESIA GROUP

UNITED KINGDOM Hospitality & Leisure / Hospitality / Restaurants / Chains EV 50M - 150M GBP

Context

Toridoll Holdings Corporation, in partnership with the restaurant-specialist private equity firm Capdesia, has completed the acquisition of The Fulham Shore (Franco Manca and The Real Greek restaurant brands). The transaction was executed via a UK Scheme of Arrangement, where Fulham Shore stockholders received 14.15p per share in cash, representing a 35% premium over the undisturbed share price. Capdesia, which has a minority stake in Wasabi, acted as the "local buddy" for the transaction and maintains an option to acquire up to 49% of the purchasing subsidiary. The strategic rationale for the deal centers on accelerating the domestic and international growth of Franco Manca and The Real Greek, leveraging Toridoll’s massive global resources and Capdesia’s regional expertise. Following the acquisition, Fulham Shore was delisted from the London Stock Exchange (AIM), transitioning into a privately held subsidiary. The merger aims to capitalize on the resilient performance of the target's brands despite inflationary pressures, with plans to expand the restaurant footprint in Europe and push further into retail channels.

THE FULHAM SHORE, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

The Fulham Shore PLC is a prominent UK-based casual dining operator, recognized for its two core high-street brands: Franco Manca and The Real Greek. Founded in 2012 and headquartered in London, the company specializes in the expansion and management of "value-for-money" dining concepts. Franco Manca, known for its authentic Neapolitan sourdough pizzas, has grown from a single Brixton market stall to a national chain with over 70 locations. The Real Greek offers a contemporary take on traditional Eastern Mediterranean cuisine with approximately 27 sites. The firm’s business model is centered on high-quality, fresh ingredients and accessible pricing, which has enabled it to maintain strong trading volumes even during challenging economic cycles. Operating nearly 100 outlets across the UK, Fulham Shore also explores retail opportunities, such as readymade pizza products for grocery stores. The company's value proposition is driven by a focus on "provenance and simplicity," appealing to a broad demographic of urban consumers and families.

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REFERENCES

Valuation range: EV 50M - 150M GBP

Revenue range: 50M - 100M GBP

EBITDA range: 5M - 25M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of THE FULHAM SHORE by TORIDOLL HOLDINGS CORPORATION / CAPDESIA GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: the fulham shore

Acquirer: capdesia group / toridoll holdings corporation