LGT European Capital Underwrites, Arranges Financing On Spanish Deal

Tom Burroughes

14 July 2017

(This publication occasionally reports on the type of private equity deals in which high net worth individuals might be directly or indirectly involved to illustrate the nature of the sector.)

LGT European Capital, part of Switzerland-headquartered , has announced that entities it oversees have underwritten €24 million ($24.5 million) in financing to support the purchase of Spanish restaurants business Lateral by BlueGem Capital Partners.

The deal represents European Capital's second foray into arranging financing for a Spanish company, the firm said in a statement yesterday.

Founded in 1997, Lateral is a prominent brand in Spain's "fast-casual" dining market in Spain. The company operates seven restaurants in prime locations.

"We have worked with BlueGem on several occasions, and we are partnering with them again for this acquisition in Spain, as we are firmly convinced that this will enable the Company to grow in the next stages of its development," Kevin Abrial, managing director of European Capital in Paris, said.

European Capital was recently taken over by LGT Capital Partners recently. EC managers around €800 million in assets; strategies include unitranche and subordinated debt investment opportunities from €5 million to €100 million in either euros or sterling.

LGT Capital Partners is headquartered in Pfaeffikon, Switzerland, the firm has offices in New York, Dublin, London, Paris, Vaduz, Dubai, Beijing, Hong Kong, Tokyo and Sydney. It is not to be conflated with LGT, the Liechtenstein-headquartered private banking group.