Deadline set for Carluccio’s takeover

By Martyn Leek

- Last updated on GMT

Related tags: English-language films, Carluccio

Carluccio's shareholders have until 1 October to agree the Landmark takeover
Carluccio's shareholders have until 1 October to agree the Landmark takeover
The company looking to buy Italian restaurant chain Carluccio's has officially tabled its offer, setting a deadline of 1 October for the deal to be accepted

Restaurant franchise company Landmark Group has officially tabled its offer for Italian restaurant chain Carluccio's, amid rumours that a serial entrepreneur is preparing a rival bid.

​C1 Acquisitions, a company owned by Landmark Group, is offering a £90m cash offer for Carluccio’s and has set a deadline of 1 October for the deal to be accepted.

However, BigHospitality understands that Richard Caring, the serial entrepreneur, could step in with a separate bid for the company.

News of the Landmark offer, which was revealed earlier this month​, came as Carluccio's ramped up its site portfolio with a view to owning 50 restaurants by the end of the year.

Rollover

If shareholders approve the deal, the Carluccio’s board will rollover their holdings and options into C1 Acquisitions.

Landmark, which already owns a 5% stake in the company, was advised by Rothschild.

Martyn Leek is news editor of BigHospitality's sister publication, M&C report.

Related topics: Business, Venues, Restaurants

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