Cigierre Strengthens Growth Plans with QuattroR and BC Partners Investment

Cigierre, an Italian leader in the casual dining sector, has received a significant investment from several private equity firms including BC Partners, QuattroR, and Anthilia Capital Partners. This strategic move is designed to bolster Cigierre’s growth within Italy and optimize its financial structure. BC Partners maintains majority control, while QuattroR and Anthilia provide minority stakes. The investment, valued at approximately €252 million, involves a capital increase and a strategic alliance with Cigierre’s management to drive further expansion. The company, known for brands like Old Wild West and Wiener Haus, aims to leverage this partnership to continue expanding its market presence and develop new high-potential formats, aided by a supportive financial framework. Established advisors such as Latham & Watkins and Chiomenti provided legal counsel. EY’s Capital & Debt Advisory also played a critical role in the refinancing of Cigierre’s long-term capital structure. The involvement of Cherry Bank marks a notable entry into the structured finance arena post-reorganization. Following recovery from the pandemic, Cigierre shows robust financial health with revenues exceeding €400 million and an EBITDA of €65 million.