Franchise Brands plc

FRAN

GB00BD6P7Y24

Entertainment Production

Market Closed - London S.E. Other stock markets 11:35:12 2024-05-10 am EDT			5-day change	1st Jan Change
196.5 ^GBX	0.00%		-1.26%	+21.67%

Apr. 01	Saudi Arabia's Cenomi Retail to Sell Additional Franchise Brands for SAR219 Million	MT
Mar. 25	Avolta Wins Contract to Open 17 Food, Beverage Stores at Cologne Bonn Airport in Germany	MT

Franchise Brands raises total GBP114.3 million for HAI deal

April 04, 2023 at 02:28 pm EDT

Franchise Brands PLC - Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands - Raises GBP92 million via placing at 180 pence announced Monday to fund the acquisition of HAI, the owner of Pirtek Europe. Together with a subscription by senior management and employees of Pirtek including Alex McNutt total equity of GBP114.3 million will be issued. Executive Chairman Stephen Hemsley says: "The acquisition brings an established business of scale with an attractive financial profile and growth prospects and will significantly expand the group's range of B2B services, customer base and end markets."

Current stock price: 182.00 pence

12-month change: up 14%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	UNITEDHEALTH GROUP INC.	512.8 USD	+1.14%	+4.13%	472B
	FRANCHISE BRANDS PLC	196.5 GBX	0.00%	-1.26%	472M

Latest news about Franchise Brands plc

Saudi Arabia's Cenomi Retail to Sell Additional Franchise Brands for SAR219 Million	Apr. 01	MT
Avolta Wins Contract to Open 17 Food, Beverage Stores at Cologne Bonn Airport in Germany	Mar. 25	MT
Franchise Brands sets targets, Cindrigo agrees loan	Feb. 20	AN
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FTSE 100 Closes Up Boosted China Infrastructure Spending Plans	23-10-25	DJ
Franchise Brands trading in line; Tribe secures loan	23-10-25	AN
Franchise Brands confirms new management structure	23-09-04	AN
FTSE 100 Closes Modestly Lower on Asia Caution	23-09-04	DJ
British Land Shares Lack Drivers as City Valuations Dip	23-09-04	DJ
Franchise Brands Reorganizes Board, Management Structure	23-09-04	MT
Franchise Brands plc Announces Executive Changes	23-09-04	CI
Franchise Brands hires new finance chief after reporting revenue soars	23-07-28	AN
FTSE 100 Closes Thursday Up 0.2% After ECB Strikes Dovish Tone	23-07-27	DJ
EARNINGS UPDATES: Amigo revenue collapses, SRT Marine surges	23-07-27	AN
Britain's Franchise Brands Appoints New CFO	23-07-27	MT
Earnings Flash (FRAN.L) FRANCHISE BRANDS Reports H1 Loss GBX-0.78	23-07-27	MT
Franchise Brands plc Announces Executive Changes	23-07-27	CI
Franchise Brands plc Announces Step Down of Andrew Mallows from the Board	23-07-27	CI
Franchise Brands plc Announces Interim Dividend, Payable on 13 October 2023	23-07-27	CI
Franchise Brands plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-27	CI
Manolete Partners reports record new case investments	23-04-20	AN
FTSE 100 Closed Up 0.4% as China Data Reassures on State of Global Economy	23-04-18	DJ
Angus hails initial clean up of well; Amati NAV falls	23-04-18	AN
UK Wage Growth Momentum is Easing, But Pace Is Slower Than Expected	23-04-18	DJ
FTSE 100 Rises as Entain, Miners, Banks Gain	23-04-18	DJ

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Company Profile

Franchise Brands plc is a United Kingdom-based multi-brand franchisor focused on building businesses primarily via a franchise model. It has a combined network of over 625 franchisees across seven franchise brands in ten countries covering the United Kingdom, North America and Europe. Its divisions include B2B, Filta International, Pirtek, B2C and Azura. B2B Division includes Metro Rod, Metro Plumb, Willow Pumps, the Filta UK direct labor operations (DLO) and the UK Filta Environmental franchise network. Filta UK comprises a range of complementary DLO services including fridge and freezer seal replacement. Filta International division operates a franchise network that comprises the franchise activities of Filta in North America and mainland Europe. Pirtek division provides on-site hydraulic hose replacement and associated services. B2C division comprises the ChipsAway, Ovenclean and Barking Mad franchise businesses. Azura division is a franchise management software system developer.

Sector

Entertainment Production

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2024-07-24 - Q2 2024 Earnings Release (Projected)

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C-

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BUY

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1.965 GBP

Average target price

3.233 GBP

Spread / Average Target

+64.55%

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Sector Copyright Management

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Franchise Brands plc

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FRAN

GB00BD6P7Y24

Entertainment Production

Franchise Brands raises total GBP114.3 million for HAI deal

Stocks mentioned in the article

Latest news about Franchise Brands plc

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