Miura buys Spanish restaurant group Grupo Tragaluz

Alessia Argentieri
21 June 2019

Tweet
Facebook
LinkedIn
Google plus
Send to

Miura Private Equity has acquired a majority stake in Spanish restaurant group Grupo Tragaluz-En Compañía de Lobos.

The GP deployed capital from its Miura Fund III, which held a final close on its €330m hard-cap in January 2018. The vehicle targets majority stakes in companies based in Iberia with revenues of more than €25m and EBITDA of more than €3m.

In addition to the equity drawn from the fund, a debt package was provided by Banca March, Banco Sabadell and CaixaBank to support the deal, Unquote understands.

The company's co-founder and CEO, Tomás Tarruella, will retain a minority holding and continue to lead the business.

The transaction comprises 22 restaurants based in Barcelona, Madrid and Mallorca, while the Mordisco restaurants are not included and will continue to be managed by co-founder and current owner Rosa María Esteva.

Miura plans to boost the company's growth, consolidate its market position in the sector and strengthen its presence in Spain by expanding into new cities.

Company
Grupo Tragaluz-En Compañía de Lobos is a restaurant group founded in Barcelona in 1987. The group comprises 22 restaurants located in Barcelona, Madrid and Mallorca, employs around 900 staff and generates revenues of approximately €45m.

People
Grupo Tragaluz-En Compañía de Lobos – Tomás Tarruella (co-founder, CEO).

Advisers
Equity – Arcano (corporate finance); Baker McKenzie (legal); Deloitte (financial due diligence).
Company – Next Corporate (corporate finance); Arraut & Asociados (legal).