Client: The Restaurant Group
The Restaurant Group plc (TRG), a longstanding client of MHP Group, faced a challenging period in 2023 marked by activist investor pressure, inflationary headwinds and worsening economic conditions. MHP's multifaceted campaign aimed to defend the company's leadership, re-establish board authority, and support strategic transformations including two significant M&A deals. MHP's strategy focused on data-driven defence, leveraging key performance indicators to counter attacks. Through meticulous monitoring of sentiment and strategic media engagements, MHP successfully steered TRG through a complex media landscape with multiple activist voices. The outcome was a resounding success: shareholders supported board resolutions, reaffirming management authority, paving the way for transformative M&A activity. Ultimately, TRG divested underperforming divisions, culminating in a successful sale to Apollo, positioning the company for future growth and providing shareholders with a favorable exit.
