Michelin in the Sight of Investment Funds
Kharis Capital, a Belgian private equity fund investing in fast-food enterprises across Europe, has taken interest in the restaurant group and acquired a stake in Grupo Dani García (GDG). The transaction, valued at 44 million euros(approximately 12–13% of the shares), implies participation in the management of various restaurants within the international group led by the world-renowned Spanish chef.
This is not the first time an investment fund has shown interest in Dani García’s business. The investment group Peninsula Capital, founded by former Mediobanca bankers, analyzed a similar opportunity a year earlier, at a time when the group’s valuation could have exceeded 150 million euros.
GDG includes an attractive portfolio of brands: BIBO, Lobito de Mar, Leña, Dani Brasserie, Smoked Room, Alelí, Casa Dani, Tragabuches, La Chambre Bleue, El Pollo Verde, El Coleccionista, and La Cabane. Founded in 2014, the group now employs 1,200 people in six countries, with locations in Marbella, Tarifa, Madrid, Doha, London, Dubai, Paris, and New York.
This is not the first time an investment fund has shown interest in Dani García’s business. The investment group Peninsula Capital, founded by former Mediobanca bankers, analyzed a similar opportunity a year earlier, at a time when the group’s valuation could have exceeded 150 million euros.
GDG includes an attractive portfolio of brands: BIBO, Lobito de Mar, Leña, Dani Brasserie, Smoked Room, Alelí, Casa Dani, Tragabuches, La Chambre Bleue, El Pollo Verde, El Coleccionista, and La Cabane. Founded in 2014, the group now employs 1,200 people in six countries, with locations in Marbella, Tarifa, Madrid, Doha, London, Dubai, Paris, and New York.