Grupo Restauración Lateral S.L. has been acquired by BlueGem Capital Partners LLP
BlueGem Capital Partners LLP (BlueGem) has acquired Grupo Restauración Lateral S.L. (Lateral) from its founders. Financial details have not been disclosed.
Lateral is a restaurant group promoting the Spanish fast casual dinning concept “tapas”, premium dining restaurants and catering services segments. The group has seven restaurants, six located in Madrid and one in Barcelona. Lateral opened its first restaurant in 1997.
BlueGem is a London-based mid-market private equity firm established in 2007, with over US$550 million in assets under management. Its focus and sector expertise is in branded consumer facing business and strategic distribution platforms (wholesale and retail). BlueGem has an entrepreneurial approach to portfolio management ,acting as a hands-on partner in the value creation process. The firm seeks to invest in companies with an enterprise value of US$50–300 million.
Oaklins' team in Spain advised the seller in this transaction.
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