Antin picks up Roadchef

The deal saw Israel-based Delek selling its 100% interest in the company in a deal understood to be worth £153m.

Company
Roadchef operates 28 motorway service areas in the UK. It offers food and beverages through franchise agreements with brands including Costa, McDonalds, WHSmith and KrispyKreme.

The company employs 2,700 people and claims to receive 44 million visits each year. Roadchef serves one million breakfasts a year, sells 500,000 portions of fish and chips, and five million coffees.

Roadchef more recently brought in own-brand offerings, which saw all Restbite outlets rebranded to Fresh Food Café.

The Staffordshire-headquartered company opened its first service station in the Watford Gap in 1959.

People
Mauricio Bolaña is a partner at Antin and led the deal. Mark Crosbie is managing partner at Antin. Simon Turl is CEO of Roadchef.

Advisers
Equity - Clifford Chance, Caroline Sherrell, James Boswell (Legal).

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• Topics
• UK / Ireland
• Buyouts
• United Kingdom