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New Deal


Announced

Pret A Manger acquired EAT from Jab Holding.

Financials

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Transaction Value£60m
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Natural

vegan food

Pending

United Kingdom

Acquisition

Private

vegetarian food

Food Products

Private Equity

Single Bidder

Synopsis

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Pret A Manger acquired British food and drink retailer, EAT. Financial terms were not disclosed. Pret plans to convert as many of EAT’s shops as possible to “Veggie Prets.” This acquisition is expected to significantly accelerate the growth of this brand. “The purpose of this deal is to serve a growing demand of vegetarian and vegan customers who want delicious, high-quality food and drink options. We have been developing the Veggie Pret concept for over two years and we now have four hugely successful shops across London and Manchester. The acquisition of the EAT estate is a wonderful opportunity to turbo-charge the development of Veggie Pret and put significant resources behind it.” Clive Schlee Pret CEO.

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