|Bid||205.80 x 0|
|Ask||206.20 x 0|
|Day's Range||204.80 - 209.40|
|52 Week Range||147.80 - 230.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||22.13|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- TDR Capital, the private equity firm that owns the Stonegate Pub Co., is considering an acquisition of the U.K.’s EI Group Plc, people familiar with the matter said.A deal could be announced as soon as this week, the people said, asking not to be identified because the deliberations are private. No final decisions have been made and the discussions may not lead to a transaction, they said. EI Group, which owns more than 4,400 British pubs, has a market value of about 902 million pounds ($1.1 billion).The deal could be the second take-private for TDR in a month. London-based TDR agreed to buy U.K. online used-car seller BCA Marketplace Plc for 1.9 billion pounds in June. Private equity firms are scoping out opportunities buy out publicly held companies in the country after concerns about Brexit led to a slow start to the year.A representative for TDR declined to comment. EI didn’t immediately respond to requests outside of regular business hours.EI leases, owns and manages pubs and has property assets valued at about 3.6 billion pounds, according to its website. The company had net debt of 2 billion pounds at the end of 2018, according to its annual report.TDR’s pubs include the Slug & Lettuce, Yates and Walkabout chains. The firm established Stonegate in 2010 to buy 333 pubs from Mitchells & Butlers Plc and has since more than doubled its size through acquisitions, according to its website.\--With assistance from Ruth David.To contact the reporters on this story: Sarah Syed in London at email@example.com;Dinesh Nair in London at firstname.lastname@example.org;Aaron Kirchfeld in London at email@example.com;Kiel Porter in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Dinesh Nair at email@example.com, Amy Thomson, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ei Group Plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Investors are always looking for growth in small-cap stocks like Ei Group plc (LON:EIG), with a market cap of UK£903m...
Moody's Investors Service (Moody's) has today upgraded Ei Group Plc's (EIG) Corporate Family Rating (CFR) to B1 from B2. Moody's also affirmed the B1 rating of the company's GBP275 million senior secured bond due in 2031. At the same time Moody's withdrew the company's B3-PD probability of default rating (PDR) because this rating is no longer applicable under the relevant methodology.