Bar/restaurant M&A activity 'to increase'
New research from accounting firm BDO has forecast a "significant increase" in merger and acquisition (M&A) activity for the UK bar and restaurant sector throughout 2012.
The company's Restaurants and Bars Report has said a combination of private equity interest and banks selling repossessed assets will fuel the growth over the next 12 months.
"Thriving chains" looking to "cash in" is also seen as a reason for the increase, with brands such as Pizza Express; Yo! Sushi; Côte; and Giraffe among those expected to change hands.
Other predictions by BDO include an increase in calorie and alcohol information on menus; a growth in 'pop up' and mobile units; and an expanding use of technology.
David Campbell, head of BDO's restaurants and bars team, said: "The good operators are in a great position for when financial pressures start to ease in 2013 and consumers start to feel they have more disposable income.
"Add in the fact that a number of profitable chains are approaching the point in their lifecycle were we would expect a change of ownership, and you are looking at a market ripe for M&A activity."
Details: Restaurant and Bars Report (PDF)

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