In December 2014, Epiris agreed the acquisition of the UK franchise of TGI Fridays, the American-styled restaurant chain. Funds under the management of Epiris invested £99 million of equity in the deal alongside TGI Fridays' management team, led by Karen Forrester.
TGI Fridays is an authentic American casual restaurant chain offering a fun and lively dining experience for both young adults and families alike. The group has 76 UK restaurants, operating from a range of locations, including city centres, shopping centres and leisure parks. TGI Fridays restaurants focus on engagement with guests and pride themselves on creating a memorable experience thanks to their energetic and enthusiastic team and lively atmosphere.
TGI Fridays is an attractive, differentiated business with an impressive financial track record and an excellent management team. The restaurants best-in-class service, unique bars and exciting dining environments create a unique guest experience with a wide demographic appeal.
We will work with management to expand the business further through a mixture of organic growth and new restaurant openings, while at the same time continuing to improve the existing sites. The enthusiasm of the TGI Fridays' team members will be the key to this and they will remain at the centre of its offering.
American-styled restaurant chain