Bregal Freshstream buys Lunch Garden

The deal marks the GP's first since launching its debut €600m fund in September 2015.

Bregal acquired a majority stake in Lunch Garden and will look to grow the company by increasing its restaurant roll-out programme.

Previous funding
Lunch Garden first received investment in May 2004 when KBC Private Equity, alongside independent investors Thibaut van Hovell and Gregory Spoelberch, backed the company's management buyout from Carestel.

In June 2009, H2 +acquired the business for an undisclosed amount. By 2012 the company was generating €100m in total revenues.

Company
Founded in 1966, Lunch Garden operates 70 branches throughout Belgium. The restaurants offer traditional Belgian cuisine as well as international fare for an average meal price of €11.

People
The deal was led by Rayhan Davis and Irmo Holslag at Bregal Freshsteam. Annick van Overstraeten is general manager of Lunch Garden.

Advisers
Vendor - DC Advisory (Corporate finance). 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Exits
• Benelux
• Consumer
• H2 Equity Partners
• Bregal Capital
• Belgium