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Bregal Freshstream acquires Belgian restaurant chain Lunch Garden

Bregal Freshstream today announces that it has agreed to acquire Belgian self-service restaurant chain Lunch Garden from a consortium of investors led by H2 Equity Partners.

The investment is Bregal Freshstream’s first since launching its maiden EUR600 million fund in September 2015 and will see it take a majority stake in Lunch Garden.
 
Established in 1966 and with over 70 branches across Belgium, Lunch Garden offers customers traditional Belgian cuisine, complemented by popular international dishes, with an average meal price of EUR11. Located in prime, high-footfall areas, all sites are profitable with Lunch Garden commanding a growing market share within the Belgian restaurant market.
 
With the appointment of a new management team in 2010 and the implementation of a refreshed restaurant concept, Lunch Garden has delivered a robust period of growth in recent years following over EUR50m of investment from the prior owners into new store openings and a renewal of the existing restaurant base.
 
As a result of Bregal Freshstream’s investment in the business, Lunch Garden will now look to accelerate its growth plans both organically and by increasing its restaurant roll out programme.
 
Bregal Freshstream Managing Partner Patrick Smulders says: “This is the first step in Bregal Freshstream’s investment journey and we are tremendously excited about our chosen partner. Lunch Garden fits perfectly into the investment criteria we identified, with a successful operational model, upside potential and significant growth opportunities. Lunch Garden has been very well invested by its prior owners and this backdrop, plus the talented, entrepreneurial management team that is already in place, makes the company an ideal first investment for our fund.” 

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