BPI France et al. inject €4.6m into Tommy's Diner

Tommy's will use the fresh capital to open 15 new restaurants by 2015. The backers are understood to have agreed to provide a further €1.6m within the next two years.

Company
Established in 1993 by former professional rugby player Patrick Soula, Tommy's Diner operates a chain of restaurants modelled after 1950s and 1960s US diners. The chain was originally focused on the south of France but expanded across the country in recent years. It now operates seven restaurants, usually located in commercial or leisure centres outside of French cities.

The Toulouse-based company generates revenues of €11m and employs 200 people.

People
Thierry Decker led the deal for BPI France.

Advisers
Equity – PwC, Olivier Vialle, Nicolas Jacob, Monique Hog (Commercial due diligence); Giraconseil, Bernard Boutboul (Commercial due diligence); Deloitte, Etienne Alibert (Financial due diligence); Vaughan Avocats, Lionel Agossou, Bruno de Laportalière, Jean-Charles de Bellefon, G Boigas (Legal, tax); Société PDGB, Masao Yamamoto (Legal).
Company – Aforge Finance, Antoine Peillon, François-Régis Cottin, Bertrand Manet (Corporate finance); Cabinet Fidal, Corinne Veno (Legal).

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• Topics
• France
• Expansion
• Consumer
• France