Deals
PizzaExpress Creditors In Talks With Firm Over Possible Takeover
- Cyrus, HIG and Bain among bondholders negotiating deal
- Talks focus on potential new funds for takeover of U.K., arm
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A group of senior bondholders to PizzaExpress Ltd. is in talks to potentially provide new funding in a deal that could see them take over much of the company from owners Hony Capital.
Creditors including Cyrus Capital Partners LP, HIG Capital LLC and Bain Capital Credit have proposed injecting cash into the casual dining chain in exchange for taking control of its core U.K. and Irish business, according to people familiar with the matter.