Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and 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 Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter