UK - Phoenix backs secondary MBO of Gaucho Grill

Phoenix Equity Partners has structured and led the funding of a ТЃ55m secondary buyout of Gaucho Grill in partnership with the management team of the business led by Zeev Godik, the founder and chief executive. Gaucho, the Argentinean restaurant group, was previously owned by the management team and Barclays Private Equity. The acquisition of Gaucho is the second investment by Phoenixт€™s new ТЃ375 million fund raised in April 2006.