Quattror / Anthilia Capital Partners invest in Cigierre
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.
In the past, Cigierre was acquired by BC Partners in 2015 as part of its expansion strategy.
Cigierre, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only].
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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
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Cigierre
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 11/2015 | BC PARTNERS | CIGIERRE | ITALY | Restaurants / Chains |
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REFERENCES
Revenue range: REV €250–500M
EBITDA range: €50–100M
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
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