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.
Target Global I closed on €300m in 2015 and is now fully deployed
Existing investor Redalpine also participates in the round for the online ticketing platform
Deal is Sortera's 13th acquisition since it was established in 2006
Alpina began its ERP software buy-and-build platform with the acquisition of Oxaion in 2015