Miura backs restaurant chain Grupo Saona

The capital injected by Miura will be used to boost the company's growth, accelerate its expansion in Spain and strengthen its position in the casual dining market.

Following the deal, Saona founder and CEO Gonzalo Calvo will continue to lead the company to ensure continuity of the business strategy.

This is the second investment made by the GP via its third fund, following the acquisition of LED lighting retailer EfectoLED in October 2018. Miura Fund III, which held a final close on its €330m hard-cap in January 2018, invests in Iberian companies generating revenues in excess of €25m and EBITDA of more than €3m.

Company
Established in 2013, Saona is a casual dining chain that focuses on Mediterranean cuisine. The group operates 10 restaurants in Valencia and four in Madrid under the brand names Saona, Tagomago, Turqueta and Quick Saona. It employs 300 staff.

People
Miura Private Equity – Luis Seguí (managing partner, CEO).

Advisers
Equity – Arcano Partners (corporate finance).

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

• Topics
• Buyouts
• Southern Europe
• Consumer
• Miura Private Equity
• Spain