L Catterton invests in Goiko Grill

According to press reports, the stake acquired by L Catterton is around 80% and the deal values the company at approximately €150m.

With the fresh capital, Goiko plans to open new restaurants in Spain, reaching a total of 58 restaurants in 20 cities across the country by the end of 2018. In addition, the company intends to bolster its growth internationally.

L Catterton has made several investments in the casual dining sector in the last few years, including Anthony's Coal Fired Pizza, Cheddar's Scratch Kitchen, Cigierre, Crystal Jade, Groupe Bertrand, Hopdoddy, Mendocino Farms, Outback Steakhouse and PF Chang's.

The GP is investing via L Catterton Europe IV, a €500m vehicle launched in February 2017, which specialises in buyouts with a focus towards European companies operating across the consumer and retail sectors. This is the firm's first Europe-focused fund raised since the merger in January 2016 between US buyout house Catterton and L Capital, the private equity arm of luxury goods conglomerate LVMH.

Company
Founded in Madrid in 2013, Goiko is a casual dining restaurant chain that specialises in serving burgers. It operates 44 restaurants in 15 cities across Spain.

People
Goiko Grill – Andoni Goicoechea (founder, CEO).
L Catterton – Eduardo Velasco (partner).

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• Topics
• Buyouts
• Southern Europe
• Consumer
• L Capital Management
• Spain