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New Deal


Announced

Completed

SSP Group completed the acquisition of ECG Ventures.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Airport Food

Restaurants and Bars

Acquisition

Completed

Friendly

Single Bidder

Cross Border

Private

Majority

Synopsis

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SSP Group, an operator of travel food and beverage outlets, completed the acquisition of ECG Ventures, a company that specializes in airport food & beverage concessions. Financial terms were not disclosed. "Both the acquisition of ECG in Canada and the significant contract win at Jeddah are excellent examples of our business development strategy in action. We are clear that a combination of investing in organic growth and carrying out selective infill M&A will create sustainable long-term value and returns, and North America and the Middle East are important areas of focus for expansion. We very much look forward to welcoming the ECG team to SSP and to delighting passengers at Jeddah with our carefully selected mix of brands and concepts," Patrick Coveney, SSP Group CEO.

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