Wheel Topco has asked for due dilligence information
The Restaurant Group has already agreed a £500m sale to Apollo
The Restaurant Group has about 400 sites in the UK
Shareholders to use AGM to demand change at the Restaurant Group
But the Wagamama owner won’t sell its pubs business
The activist wants to dethrone the boss and sell 80-site pub business
Wagamama owner gains additional covenant headroom from financiers
Company cites “softening” of market as it confirms pub openings will also be scaled back
CVA helped TRG offload 250 restaurants
Proceeds from the capital raise will also be used to expand its pubs and Wagamama businesses
Group has secured a £380m loan facility and a £120m super senior revolving credit facility