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Applegreen Receives Cash Offer From Co-Founders And PE Firm


10th December 2020
Motorway services and forecourt operator Applegreen has revealed that it is in “advanced discussions” regarding a possible cash offer for the company.
The Irish firm’s co-founders and a part of the Blackstone US private equity group have formed a consortium take the company off the stock market at a price of €5.75 per share.
The founders, Chief Executive Robert Etchingham and Chief Operations Officer Joseph Barrett, own 41.3% of the company through a vehicle called B&J Holdings.
Should the transaction proceed, B&J Holdings will retain a “significant equity stake” in the consortium with Etchingham and Barrett maintaining their current management positions. ....

United Kingdom , Republic Of Ireland , Joseph Barrett , Robert Etchingham , Bj Holdings , Motorway Service Area , Chief Executive Robert Etchingham , Chief Operations Officer Joseph Barrett , Independent Board , ஒன்றுபட்டது கிஂக்டம் , குடியரசு ஆஃப் ஐயர்ல்யாஂட் , ஜோசப் பாரெட் , பி.ஜே. ஹோல்டிங்ஸ் , மோட்டார் பாதை சேவை பரப்பளவு , தலைமை செயல்பாடுகள் அதிகாரி ஜோசப் பாரெட் , சுயாதீனமான பலகை ,