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New Deal


Announced

SSP Group to acquire Airport Retail Enterprises.

Financials

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

Tags

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Food Retailers and Wholesalers

Cross Border

Australia

airport F&B operator

Airport Food

Acquisition

Majority

Private

Friendly

Single Bidder

Pending

Synopsis

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SSP Group, a British multinational contract foodservice company, agreed to acquire Airport Retail Enterprises, a privately-owned airport F&B operator. Financial terms were not disclosed. "We are very pleased to have signed an agreement to acquire a high quality and highly complementary business in Australia. The acquisition will increase our portfolio of brands and concepts, give us entry into new prime air locations, enhance our position as a leading airport F&B operator in the country and create significant value for shareholders," Patrick Coveney, SSP Group CEO.

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