Intermediate Capital Group has invested minority equity and mezzanine capital to support Guacho's management team's acquisition of the company from previous backers Phoenix Equity Partners. The details of the deal were not disclosed. Phoenix considered floating Argentine restaurant-operator Gaucho but decided against it due to poor market conditions. It was anticipated that an IPO would have valued Gaucho at £115m.
GP plans to acquire a majority stake in the business, according to a competition authority filing
New GP specialising in healthcare has already deployed 65% of the fund's target
Decision made to halt an initial public offering as a result of volatile market conditions
Sweden-based technology investor has been listed on the Swedish stock exchange since 1997