Sources: Lion Capital could buy Restauravia

The purchase, which would represent Lion's first direct investment in a Spanish company, could prove a positive introduction for the group to the Iberian market. Restauravia is expected to sell for around €100m.

Corpfin, which put the business on the market several months ago, called on the help of advisory firm Socios Financieros to coordinate the process.

The news comes after the firm's most likely private equity buyer - Advent International - pulled out of talks with the vendor earlier this autumn.

Restauravia reported an EBITDA of €25m and revenues of €120m during the last tax year.

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• Topics
• Southern Europe
• Buyouts
• Consumer
• Lion Capital
• Advent International