Gresham Private Equity has backed the secondary buy-out of Town Centre Restaurants (TCR) from Bank of Scotland Corporate, in a deal with a total funding package of £48m. With over 50 sites in the UK's busiest town and shopping centres, Town Centre Restaurants is one of the UK’s largest privately owned restaurant groups, serving over three million customers every year. The company has three main brands – Café Giardino, Auberge and Azzurro.
This is the second deal inked by the GP via Wisequity V, which closed on its €260m hard-cap in July 2019
Pascal Meysson joins from Alcentra and has previous experience at Deutsche Bank and Charterhouse
Mirabaud is reportedly planning to invest via its Living Heritage private equity fund
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine