Tragus, the restaurant group owned by Blackstone, has added high street pizza chain Strada to its portfolio in a £140m deal. The acquisition represents an exit for entrepreneur Richard Caring and will enlarge Tragus's offering by 55 sites. Tragus owns the Café Rouge and Bella Italia brands. It recently lost out to a consortium involving Kaupthing in a bid to delist Spanish-themed restaurant chain La Tasca from AIM.
Idinvest is currently investing from its €350m vehicle, which held a final close in October 2019
Sale ends a six-year holding period for EQT, which bought the company via EQT Expansion Capital II
In November 2018, KPMG announced it would no longer provide consultancy work for its audit clients
Deal is based on an EV of €1.4bn and will see minority owner Kirkbi maintain a stake