Meridia Capital has acquired a significant minority stake in Grupo Andilana (“Andilana” or “ the Company” ) , a leading premium casual dining restaurant chain and hotel operator in Spain.

As a result of Meridia’s investment in the company , Andilana will now look to accelerate its growth plans both organically and by increasing its restaurant roll out programme. Therefore, Meridia will work in close cooperation with Andilana’s current managing team that will continue leading the firm’s activity.

Established in 1958 and with over 25 restaurants across Spain, Andilana offers its customers high quality, traditional Mediterranean cuisine in a c osy and fashionable atmosphere at affordable prices . With more than 2.5m customers per year and revenues of approximately €40m , Andilana’s restaurants are located in central Barcelona and Madrid, as well as in Costa Brava (north of Barcelona).

Andilana is Meridia Private Equity I ’s second investment . This fund seeks to partner with existing shareholders of profitable growing companies across different sectors, backed by outstanding management teams and with revenues in the range of €15m - €70 m . The target fund size is set at €125 m and each investment is expected to range from €10m to €25m in equity.

Daniel Camós, Chairman and Ram ó n Puig , CEO at Grupo Andilana , stated “ We have worked hard in the se past years to grow Andilana ’s presence in the market and we look fo rward to this new stage in the C ompany’s development. Amongst others, we share with Meridia strong entrepreneurial roots which is why we envisage them as the ideal partner to help us realise our growth ambitions and we are delighted to be working with them”

David Torralba, Partner Private Equity at Meridia Capital , commented “ Andilana fits perfectly into Meridia’s private equity investment criteria , with established operations in a sizeable and growing market and with a proven and solid business model . We believe that Andilana is well positioned to capture the attractive growth opportunities ahead of us and we are looking forward to partner ing up with them. ” Meridia Capital’s Founding Partner & CEO, Javier Faus , said “ Andilana demonstrates Meridia Private Equity I’s traction and the continuing leverage of our platform within the Spanish private equity middle market.”

About Grupo Andilana

Founded in 1958 with the opening of its first Bed & Breakfast in Palamós (Girona, north of Barcelona), Andilana is a restaurant and hotel operator with 25 restaurants and 5 hotels under management. It also has 7 restaurant franchises under “La Mary” brand. Andilana is headquartered in Barcelona and Madrid and it currently has c. 645 FTEs . For more information please visit: www.grupandilana.com

About Meridia Capital

Meridia Capital Partners, regulated by the Spanish Securities Market Commission (CNMV), is one of Spain’s leading alternative investments fund managers. With assets under managemen t of €525m (equity), the group has an investment capacity of over €1bn and is one of the few diversified and largest fund managers in Spain.

Throughout its history, Meridia Capital has achieved above average returns and has gone from a mostly private in vestor base to partnering with some of the world’s most highly regarded institutional investors. The firm has grown and evolved to become a successful multi - sector and multi - fund investment company. In 2016 Meridia Capital launched Meridia Private Equity I, a €125m private equity fund that targets companies headquartered in Spain. The vehicle intends to help management teams achieve the next level of growth through international expansion, operational change, market consolidation or institutionalisation.

Through its real estate vehicles Meridia I, II and III, Meridia Capital boasts extensive experience in the real estate sector, having handled numerous transactions in both Spanish and foreign property markets.

Fuente: Meridia Capital

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