BC Partners has acquired Cigierre - Compagnia Generale Ristorazione SpA - Italy’s leading restaurant chain, from the founder and CEO Marco Di Giusto, as well as from L Capital and Paladin Capital Partners.
Founded in 1995 in Udine, Italy, Cigierre operates more than 180 casual dining restaurants across Italy, both directly operated and in franchising. The Company offers food from a variety of international cuisines at affordable prices through different formats, including Old Wild West, Wiener Haus, Arabian Kebab, Kukkuma and Shi’S. The flagship format, Old Wild West, is a steakhouse concept renowned for its rich offer of hamburgers and Argentinian and Irish grilled meats. Cigierre has grown at an impressive pace over the past four years, opening 70 new restaurants and delivering revenue and EBITDA growth of c. 40% per year, with best-in-class unit economics. The Company is committed to a strong expansion strategy that envisages 25 new openings per year. DVRCAPITAL acted as financial advisor to the buyer | February 2016