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Stock impact report

Sixth Street Buys Fried Chicken Chain Wingstop's UK Franchise [Yahoo! Finance Canada]

Wingstop Inc. (WING) 
Last wingstop inc. earnings: 2/19 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.wingstop.com/overview/default.aspx
Most Read from Bloomberg The investment firm will invest in Lemon Pepper Holdings, which operates the Wingstop franchise in the UK and Ireland, according to a statement Sunday. Co-founders Tom Grogan, Herman Sahota and Saul Lewin, along with Wingstop Inc., will remain minority shareholders. Sixth Street paid more than £400 million ($503 million) for the deal, according to people with knowledge of the matter who asked not to be identified discussing confidential terms. At that amount, Wingstop would be fetching among the highest multiple ever for a quick-service restaurant chain, helped by becoming the fastest-growing brand in that space in the UK. More than a dozen suitors expressed interest in Wingstop UK earlier in the process, some of the people said. Bidders included investment firms KKR & Co., TSG Consumer Partners and London-listed restaurant franchisee Domino's Pizza Group Plc, they said. Wingstop started in the US and now has more than 1,500 restaurants globally. Its Show less Read more
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