BC Partners-backed Cigierre bolts on Temakinho

Unquote understands that Cigierre bought its majority stake for around €40m and financed the deal exclusively with debt.

The vendors, Temakinho founders Linda Maroli, Santo Bellistri, Francesco Marconi and Fabrizio Pisciotta, retained a minority stake in the business and will continue to lead the company.

Temakinho intends to use the fresh capital to expand further internationally by opening new restaurants in other locations across Europe, primarily in Italy, Spain, France and the UK.

BC Partners bought an 85% stake in Italian casual dining chain Cigierre from L Capital and Paladin Capital Partners in a €300m deal inked in November 2015. The company's CEO Marco Di Giusto sold his stake to the GP but reinvested substantially in the deal and continued to lead the business. BC Partners invested in Cigierre via its €6.5bn BC European Capital IX fund. In addition, a financing package was provided by UniCredit.

Company
Founded in 2012 and headquartered in Milan, Temakinho manages a chain of 10 Japanese-Brazilian fusion restaurants located in Milan, Rome, London, Ibiza and Formentera. The company expects to reach revenues of €24m and EBITDA of around €2.5m in 2018.

People
Cigierre – Marco Di Giusto (CEO).

Advisers
Acquirer – Mediobanca (corporate finance); Linklaters (legal).
Company – Vitale & Co (corporate finance); BonelliErede (legal); Tavecchio Caldara & Associati (tax).

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