Dixon Hospitality attracts private equity takeover interest

Dixon Hospitality attracts private equity takeover interest
Dixon Hospitality attracts private equity takeover interest

Pubs group Dixon Hospitality has ditched its initial public offering plans, after it received an approach from a domestic private equity firm late last week.

It has entered into discussions around a potential takeover.

Sources said Dixon's board, led by chief executive (and former Spotless Group boss) Bruce Dixon, decided on Monday afternoon that there was more value for shareholders in pursuing a sale to private equity than an ASX listing, Fairfax Media's Street Talk column reported.

The float was mooted at 13.8-times forecast 2018 financial year profit. 

Dixon owns 50 leasehold venues, primarily in Sydney, Melbourne and Brisbane. 

The Australian also reported the development, but with a different rationale.

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Ipo Dixon Hospitality

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