Foodbox acquired by Bluegem Capital Partners

BlueGem Capital Partners successfully completed the strategic acquisition of a 100% stake in FoodBox from Nazca Capital and its founding partners in June 2022. This high-profile transaction marks a significant consolidation in the Spanish organized catering market, as BlueGem already holds a majority position in the premium restaurant group Lateral. FoodBox serves as a powerful multi-brand platform, managing a diverse portfolio that includes the bakery chain Santagloria, the Andalusian gastro-pub Taberna del Volapié, the Italian street-food brand Papizza, and the tapas specialist MásQMenos. At the time of the sale, the group operated approximately 190 locations, the vast majority of which were run by franchisees. The primary strategic rationale behind the deal is to merge FoodBox’s extensive franchising infrastructure with Lateral’s expertise in managing high-volume, company-owned flagship restaurants. BlueGem intends to pivot the FoodBox strategy by investing heavily in proprietary units to increase the group's overall dimension and profitability while continuing to support the existing franchise network.

By taking control of Foodbox, Bluegem Capital Partners continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Big Fernand in 2017.