Ufenau backs Desperado management buy-in

The GP will install Swiss gastronomy expert Ueli Santschi and real estate developer Georg Medricky in the new management team.

Equity for the investment will be drawn from Ufenau's fifth buyout fund, which held a final close on €227m in October 2016 and is currently 20% deployed, according to unquote" data.

Ufenau's Ralf Flore said in a statement that the fragmented gastronomy market offers an opportunity for expansion, signalling the start of a new buy-and-build strategy for the GP.

Company
Founded in 2000, Desperado is a Mexican restaurant chain operating in 10 locations in Switzerland. It has stores in "high frequency" locations such as city centres, shopping malls and cinemas.

The firm says its target audience is the 18-40 age bracket and it employs 200 people. Prior to Ufenau's involvement the company was owned by two partners. It generates a turnover of around €20m and has a double-digit profit margin. 

People
Ufenau Capital Partners – Ralf Flore (managing partner).
Desperado – Ueli Santschi, Georg Medricky (co-CEOs).

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• Topics
• Buyouts
• DACH
• Consumer
• Management Buy-in
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• Ufenau Capital Partners