SSP operates c.2,900 outlets through c.550 brands, including international franchises and own brands.
Prudential Private Capital’s relationship with SSP began in 2018, when we participated in SSP’s debut private placement transaction, and we have been a supportive funding partner since then.
Coming out of the Covid pandemic, SSP has positioned itself for growth, with investment in its existing network, new site wins and bolt-on M&A. Given the close existing relationship, in February 2024 SSP approached Prudential to provide additional funding to support its growth strategy, and in April 2024 we purchased €160 million of 5-year Senior Unsecured Notes in a direct transaction.
SSP Group plc decided to partner with us again due to i) our long-standing relationship, ii) our speed and certainty of execution, and iii) our ability to provide a large investment size to meet the Company’s needs.
We are very pleased to continue supporting SSP Group and look forward supporting the Company’s growth in the years to come.
