Dixon Hospitality

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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 <a href="https://www.urban.com.au/expert-insights/investing/60004-dixon-hospitality-set-to-secure-keystone" target="_blank">50 leasehold venues</a>, primarily in Sydney, Melbourne and Brisbane. 
The Australian also reported the development, but with a different rationale.
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Dixon Hospitality

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