Spanish eatery chain La Tasca is at the centre of a bidding war after Tragus upped its bid in response to a competing approach from a Robert Tchenguiz and Kaupthing. Tragus, backed by Blackstone and the operator of the Cafe Rouge and Bella Italia restaurant chains is reported to own over 30% of AIM-listed La Tasca. It made a play for La Tasca last week offering £96m, before Tchenguiz swooped with a £98.6m bid. Tragus has now raised its bid to £99.7m.
Asset manager plans expansion into PE GP-leds, bolstering its existing real estate secondaries strategy
Sale to Australian travel agency Flight Centre marks the 13th exit for the GP’s 2010 buyout fund
UK small-cap sponsor could return to market for its next GBP 125m fund at the end of 2023
France-headquartered GP stakes investor is seeking to support sponsors as they become multi-strategy managers, co-founder Dominique Gaillard tells Unquote