Hints and tips:
Deal values UK company with 1,300 pubs at about £1bn
...I’ve also developed a strange taste for Cactus Pete’s homemade beef jerky (I prefer his smoky Campfire flavour; my son favours Black Pepper)....
...The buyer, Tavern Propco, is owned by Davidson Kempner Capital Management, a Texas-based fund with over $31bn in assets under management....
...Mr Osmond, who also founded Punch Taverns, is paying £37m for the Strada brand and 43 restaurants from the Café Rouge owner, Tragus Group....
...After PizzaExpress, Mr Osmond co-founded pub group Punch Taverns and life assurance vehicle Pearl, later known as Phoenix....
...The project is said to be spearheaded by Cactus Raazi, the former Goldman Sachs bond salesman who Tradeweb hired from Nomura earlier this year....
...It is more than can be said for Greenlight’s abortive bet on Punch Taverns – a rare foray into the UK stock market, which had gone awry before the authorities got involved....
...regulators are seeking to fine a former Bank of America Merrill Lynch broker about £350,000 for his role in hedge fund manager David Einhorn’s improper trading ahead of the 2009 equity raising by Punch Taverns...
Fine imposed on the hedge fund manager is not a simple morality tale
...And there’s a virtuoso split-screen action sequence, a stunt-choreographed tavern fight as elaborate and OTT-suspenseful as a Brian De Palma set piece. It all deteriorates at the end....
...venture would be a successor to the Horizon acquisition vehicle floated last year floated by Mr Osmond who made his name with investments in companies such as restaurant chain Pizza Express, pub group Punch Taverns...
...Mr Osmond made his name with investments in companies such as Pizza Express and Punch Taverns....
...- Invasion of the foreign lenders - Punch taverns may ditch 6,000 pubs to slash debt From The Telegraph, - Ireland gets £72bn bail-out in attempt to stem contagion - O’Neill says euro faces ‘black swan...
...Punch Taverns jumped 11.7 per cent to 74½p after the pub operator said it was likely to meet full-year forecasts after sales improved at its managed division....
...Punch Taverns gained 5.4 per cent to 62¼p following a Sunday newspaper report that the group might consider spinning off its 5,500 tenanted pubs to bondholders in order to shed the £2.6bn debt tied to them...
...Punch Taverns climbed 6.6 per cent to 69¼p after a report that private equity groups including CVC and TPG were interested in buying some or all of its assets....
...- Corporate: Leisure & Gaming, Punch Taverns, Persimmon, CLS, Cairn Energy, Celsis, Severfield-Rowen, Aggreko, Derwent London, Hiscox, Regus, Kerry, White Young Green, Oerliken, Gemalto, Air Berlin....
...Punch Taverns led the mid-cap fallers, down 6.5 per cent to 72¼p as brokers cut forecasts in response to Wednesday’s trading update....
...Among the mid-caps, Punch Taverns jumped 21.7 per cent to 131p, after a trading update showed disposals accelerating and debt being paid down faster than investors had expected....
...Enterprise Inns led the mid-cap risers, up 24 per cent to 143¼p as better than expected numbers from Punch Taverns triggered a short squeeze....
...Will he even be welcome at his favourite drinkery, Elmers’ Old Town Tavern, near St Peters, Missouri?...
...Brawl or nothing Punch Taverns has broken new ground with an unusual clause in the statement that announced on Friday it was walking away from discussions with rival pubs company Mitchells & Butlers....
...global property empire stretching from the Raffles and Fairmont luxury hotels in Asia, to the Kerzner International, Aztar and Station Casinos gaming groups in North America, and, in the UK, the Punch Taverns...
...A rival – perhaps Punch Taverns, mentioned in dispatches last year in relation to a possible bid – would be the most likely buyer. But such problems call for lateral thinking....
...Prestbury recently bought 220 Spirit pubs from Punch Taverns for £500m, a portfolio of Travelodge hotels for over £500m and the £690m Capio Hospitals portfolio, as well as assets from Bank of Scotland, Southern...
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