Divestiture • Restaurants

L Catterton Partners Acquires bartaco

On September 25, 2019, growth capital firm L Catterton Partners acquired restaurant bartaco from Barteca Restaurant Group

Acquisition Context
  • This is L Catterton Partners’ 28th transaction in the Restaurants sector.
  • This is L Catterton Partners’ 104th transaction in the United States.
  • This is L Catterton Partners’ 2nd transaction in Virginia.

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M&A Deal Summary

Date September 25, 2019
Target bartaco
Sector Restaurants
Buyer(s) L Catterton Partners
Sellers(s) Barteca Restaurant Group
Deal Type Divestiture

Target Company

bartaco

Arlington, Virginia, United States
bartaco operates chain of Restaurants in U.S.bartaco was created to serve upscale street food with a coastal vibe in a relaxed environment. bartaco was founded in 2010 and is based in Arlington, Virginia.
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Buyer Overview 1

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 162 of 223
Sector: Restaurants 28 of 30
Type: Divestiture 5 of 5
State: Virginia 2 of 2
Country: United States 104 of 134
Year: 2019 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Barcelona Wine Bar

Norwalk, Connecticut, United States

Barcelona Wine Bar operates chain of wine bars focused on Spanish cuisine. Barcelona Wine Bar offers a seasonal, chef-driven menu combining bold flavors and unique specialties from Spain with a wine program that offers extensive selections from Spain and South America. Barcelona Wine Bar was founded in 1995 and is based in Norwalk, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 OdontoCompany

Sao Paulo, Brazil

OdontoCompany is a dental clinic franchisor in Brazil with over 700 clinics and a differentiated proposition of a comprehensive range of dental services with affordable prices and financing terms. The Company's services include dentistry, aesthetics, endodontics, and implants. OdontoCompany was founded in 1990 and is based in Sao Paulo, Brazil.

Buy -

Seller Profile 1

SELLER

Barteca Restaurant Group

Norwalk, Connecticut, United States

Category Company
Founded 1995
Sector Restaurants
Revenue 128M USD (2017)
DESCRIPTION

Barteca Restaurant Group is a restaurant group that serves tapas using seasonal picks from local markets and unusual specialties from Spain and the Mediterranean. Barcelona also offers an extensive selection of wines from Spain and South America featuring over 40 wines by the glass. Barteca Restaurant Group was founded in 1995 and is based in Norwalk, Connecticut.


Deal Context for Seller #
Overall 2 of 2
Sector: Restaurants 2 of 2
Type: Divestiture 2 of 2
State: Virginia 1 of 1
Country: United States 2 of 2
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Barcelona Wine Bar

Norwalk, Connecticut, United States

Barcelona Wine Bar operates chain of wine bars focused on Spanish cuisine. Barcelona Wine Bar offers a seasonal, chef-driven menu combining bold flavors and unique specialties from Spain with a wine program that offers extensive selections from Spain and South America. Barcelona Wine Bar was founded in 1995 and is based in Norwalk, Connecticut.

Sell -