Fortress Investment Group's CF Exedra Bidco Limited to acquire Loungers plc
Jan 30, 2025•11 months ago
Acquiring Company
CF Exedra Bidco Limited
Acquired Company
Loungers (LON:) plc
LondonHotelFood and BeverageHospitalityDescription
Loungers plc shareholders have approved the acquisition by CF Exedra Bidco Limited, a company indirectly owned by funds managed by affiliates of Fortress Investment Group LLC. The approval paves the way for the completion of the takeover, pending court sanction and other necessary conditions. The acquisition is set to result in Loungers plc being delisted from trading on AIM and re-registered as a private limited company.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed