Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Upper Crust owner SSP plans £2bn float

Upper Crust owner SSP plans £2bn float

SSP, the fast food giant that owns brands including Upper Crust and Delice de France, is planning a £2 billion flotation.

The company, which owns more than 2,000 train station and fast food outlets, also owns the Millie's Cookies brand and runs concessions for Burger King and Starbucks.

SSP's private equity owner EQT is understood to be planning to offload a 25% stake, raising £450 million to £500 million, valuing the overall company at £2 billion, according to the Telegraph. In its last financial year SSP reported earnings of £153 million on sales of £1.8 billion.

SSP's float would be one of the biggest of a busy year for IPOs and suggests that despite a number of recent deals suffering disappointing debuts, the pipeline of deals coming to market remains robust with TSB and AA also lining up listings.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter