What was the revenue of CIGIERRE at the time of the deal?

The revenue of CIGIERRE at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of CIGIERRE during the acquisition?

CIGIERRE's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the CIGIERRE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CIGIERRE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.bcpartners.com/news/quattror-joins-bc-partners-to-support-cigierres-growth/

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Home Database Retail & ConsumerCIGIERRE

03/2025

CIGIERRE acquired by QUATTROR / ANTHILIA CAPITAL PARTNERS

ITALY Hospitality & Leisure / Hospitality / Restaurants / Chains REV 250M - 500M EUR

Context

BC Partners, the existing majority owner of Cigierre, brings in QuattroR SGR and Anthilia Capital Partners as minority co‑investors through a substantial capital increase, with additional co‑investments from the company’s management and existing shareholders. The transaction is structured as a minority growth‑equity and refinancing package: funds advised by BC Partners retain majority control, while QuattroR and Anthilia provide fresh equity capital to support Cigierre’s next‑phase expansion plan and to optimize the group’s long‑term capital structure. The deal is paired with a comprehensive refinancing that strengthens Cigierre’s balance sheet by reshaping its long‑term debt profile with input from both existing and new financial partners, thereby improving flexibility and reducing refinancing risk.

It is worth noting that the fund Bc Partners took control of Cigierre through an LBO in 2015.

CIGIERRE, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (10.6x).

-> Deep-dive in Retail & Consumer market trends

Target

Cigierre – Compagnia Generale Ristorazione S.p.A. is Italy’s leading casual‑dining restaurant group, operating a large network of themed, mid‑price dining formats across the country. Founded in 1995 in Udine, the company has grown into a multi‑brand platform with more than 360 locations, including around 230 company‑owned and over 130 franchised restaurants under brands such as Old Wild West, Wiener Haus, America Graffiti, Smashie, and Pizzikotto. These concepts span American‑style steakhouses and burger houses, Central European‑style meat‑focused outlets, and Italian‑style pizzerias, allowing Cigierre to capture a diversified customer base and time‑of‑day usage.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Other operations with CIGIERRE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
11/2015	BC PARTNERS	CIGIERRE	ITALY	Restaurants / Chains

REFERENCES

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CIGIERRE by QUATTROR / ANTHILIA CAPITAL PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: cigierre

Acquirer: anthilia capital partners / quattror