BlueGem purchases majority stake in Lateral

According to a statement, the GP acquired the business via its 2013-vintage BlueGem II fund, but the GP was not available to disclose further details on the transaction.

Launched in October 2013 with an initial target of €400m, BlueGem II held a first close in November 2013 on €170m and in June 2015 hit a €370m final close.

The vehicle has already made investments in London-based department store Liberty in December 2013, babywear and accessories retailer Mamas & Papas in July 2014, needlecraft businesses DMC and Wool And The Gang in August 2016, and British lifestyle and fashion brand Jack Wills in September 2016.

Company
Established in 1997 and headquartered in Madrid, Lateral manages a casual dining restaurant chain focusing on tapas. It currently has six restaurants in Madrid and one in Barcelona.

According to the GP's website, the company generated €19m in revenues in 2016 and employs 323 people.

People
BlueGem Capital Partners – Marco Capello (founder, managing partner).
Lateral – Mercedes Moraleda (CEO).

Advisers
Equity – GBS Finanzas (M&A); Cuatrecasas (legal); Deloitte (commercial due diligence); Marlborough Partners (debt advisory).

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

• Topics
• Buyouts
• Consumer
• Southern Europe
• Spain
• BlueGem Capital Partners