Toridoll acquires restaurant group Fulham Shore for £93.4m

The UK group operates Franco Manca and The Real Greek restaurant chains.

Tokyo-listed group Toridoll has bought Fulham Shore for £93.4m.

Through the Japanese group’s subsidiary, Great Sea Kitchens Limited, Toridoll has made an all-cash offer to acquire the entire issued and to be issued share capital of Fulham Shore for 14.15 pence in cash for each Fulham share valuing the company at approximately £93.4m on a fully diluted basis.

Toridoll partnered with restaurant sector specialist fund Capdesia to buy the London-listed pizza Fulham Shore.

According to Tordioll, Fulham Shore’s restaurants offer a leading customer proposition, providing authentic, high-quality food and drinks at affordable prices. In spite of the challenging trading circumstances of recent years, Fulham Shore has continued to deliver robust performance overseen by its highly experienced management team.

“Fulham Shore is well positioned to continue to benefit from favourable market trends, particularly an anticipated growth in demand for Italian cuisine, and its differentiated operating model will put Fulham Shore at the forefront of that growth,” the group said.