One of the most prestigious restaurant groups in Spain, Grupo Tragaluz, signed an agreement to sell a majority stake to the Spanish private equity firm Miura. Financial terms of the deal were not disclosed. Financial advisor to Group Tragaluz in the deal was SORTIS’s partner in the Globalscope M&A advisors network, Next Corporate Finance – a corporate finance and M&A consultancy firm.
The transaction includes Tragaluz’s six restaurants in Barcelona, Tragaluz, Cuines de Santa Caterina, Gallito, Pez Vela, The Green Spot, and Negro Rojo, two restaurants in Madrid, Bar Tomate and Luzi Bombón, and its restaurant Spot in Mallorca. The remaining minority stake of Tragaluz will be distributed as 33% will be controlled by the founder Tomás Tarruella and 5% will be owned by the lawyer Gonzalo Rodés. The aim of the acquisition is to increase company’s growth.
Grupo Tragaluz is a well-known and prestigious chain of restaurants positioned at different locations in Spain. With sophisticated design and unique places, Tragulaz’s restaurants offer high-quality food at high standards. The group has a total turnover of €45 M in 2018 and its workforce is 900 people. The company was established in 1987 by the Esteva-Tarruella family. Rosa María Esteva, mother, and Tomás Tarruella, son, led this project alongside other members of the family while his sister Sandra Tarruella was the designer of the restaurants. Commenting on the acquisition, Tomás Tarruella stated “We are very excited to count on Miura’s support for this new phase. This partnership will help us to continue growing and consolidating our position in the sector. We will strengthen our presence in other cities and we are equally committed to provide a seamless quality and care to our customers.”
Miura is a private equity firm established in 2008 in Barcelona specializing in investing in Spanish SMEs with attractive growth and consolidation plans, and with a clear international vocation. The company has investments in more than 35 companies worldwide through its three funds with more than €700 M assets under management.
