SPAIN - Nazca makes 53% IRR with sale of tapas chain
Nazca Capital has sold its entire stake in tapas restaurant business Lizarrán Tapas Selectas from Nazca Capital for EUR 22m. The sale has brought an IRR of 53% and a money multiple of 2.3x on the initial investment to the private equity firm. The buyer is sector player Comess Group, owned by ex-shareholders of food giant Zena - controlled by CVC and Inveralia.
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