Fulham Shore, the restaurant group behind Franco Manca and Real Greek, has accepted a £93.4m takeover bid to expand the business.
The group has shaken hands with Tokyo-listed Toridoll, which is working with private equity firm Capdesia, on a 14.15p-a-share bid. The bid is a 35% premium to its share price close.
Toridoll, which also owns the Shoryu and Wok to Walk brands, is aiming to build a 5,500-store business.
Takaya Awata, president and chief executive of Toridoll, said he was confident that Franco Manca and Real Greek had the “potential for significant future growth, domestically and internationally”.
AIM-listed Fulham Shore, which was founded in 2012, operates 97 restaurants in the UK and was targeting full-year revenue of £100m this year.
