Acquisition of Pho Holdings by Trispan Rising Stars

Deal typePrivate Equity & Transaction Services
IndustryLeisure
Sub-industryRestaurants & Bars
Client nameTrispan Rising Stars

BDO has provided financial and tax due diligence for Trispan Rising Stars in connection with its investment in Pho.

Pho opened its first restaurant in 2005 and has grown to become a leading casual Vietnamese restaurant group in the UK, operating 30 restaurants. Following the impact of the pandemic, Trispan's investment will enable the Management team to commence the next phase of its growth journey and open more Pho restaurants in the UK and beyond.

"We were delighted to help Trispan with its investment in Pho having previously worked with them on the acquisitions of Rosas and SK:N and hopefully if the economy starts to get back to some form of normality following lockdown the business is well positioned to deliver on its growth plans."

Chris Heatlie, Partner, BDO LLP