UK - Gresham exits Individual Restaurant Company Limited

The transaction, which was financed in conjunction with a £32m equity placing on AIM with mainstream institutional investors, will see the combined group trade under the IRC umbrella going forward under the stewardship of the IRC management team. The sale is conditional upon the approval of Bank shareholders and will yield Gresham a return on investment of 2.3 times.

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• Topics
• Exits
• UK / Ireland