M&A Deal Summary

Casual Dining Group Acquires Las Iguanas

On July 7, 2015, Casual Dining Group acquired restaurant Las Iguanas from Bowmark Capital for 85M GBP

Acquisition Highlights
  • This is Casual Dining Group’s 1st transaction in the Restaurants sector.
  • This is Casual Dining Group’s 0th largest (disclosed) transaction.
  • This is Casual Dining Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-07-07
Target Las Iguanas
Sector Restaurants
Buyer(s) Casual Dining Group
Sellers(s) Bowmark Capital
Deal Type Add-on Acquisition
Deal Value 85M GBP

Target

Las Iguanas

Clifton, United Kingdom
Las Iguanas operates a chain of 14 Latin American restaurants across the UK, including sites at the Royal Festival Hall and O2 arena in London, the Trafford Centre in Manchester and the Harbourside in Bristol.

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Buyer(S) 1

Buyer

Casual Dining Group

London, United Kingdom
Category Company
Founded 2002
Sector Restaurants
DESCRIPTION

Casual Dining Group is an independent restaurant company comprised of over 140 restaurants trading as Bella Italia, Café Rouge, and Las Iguanas. Its restaurants are located across the country, from Aberdeen to Plymouth, employing almost 8000 people and serving 20 million meals each year. Casual Dining was formed in 2002 and is based in London.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 Strada Trading

London, United Kingdom

Strada Trading Ltd. is an Italian restaurant chain.

Sell £37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 Las Iguanas

London, United Kingdom

Las Iguanas is a local institution, introducing boldly spiced Latin American food cooked from scratch and a heavyweight menu of premium cocktails. We added intoxicating Latin rhythms and the rich color palette of the southern hemisphere to the mix and that’s still true of Las Iguanas today. Las Iguanas was founded in 1991 and is based in London, United Kingdom.

Sell -

Seller(S) 1

SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.

DEAL STATS #
Overall 16 of 30
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 5 of 6
Country (United Kingdom) 14 of 28
Year (2015) 2 of 2
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Healthcare Homes Group

Colchester, Langham, United Kingdom

Healthcare Homes Group Ltd. provides elderly residential care services.

Sell £115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Nexus Vehicle Rental

Leeds, United Kingdom

Nexus Vehicle Rental is a technology-driven B2B vehicle rental intermediary, which connects corporate customers with vehicle rental companies through its proprietary online booking and rental management system, IRIS. The system provides Nexus’s 1,000 corporate customers with access to over 550,000 vehicles sourced from 220 rental companies across 2,000 locations. Nexus Vehicle Rental was established in 1999 and is based in Leeds, United Kingdom.

Buy £51M
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