CBPE said it is backing the existing management team led by Harald Samuelsson and Alex Scrimgeour “to continue to grow the business while maintaining its commitment to offering high quality food at a reasonable price.”
The management team and founders will be reinvesting in the business alongside the private equity firm.
CBPE partner Ian Moore said, “We have known the Côte team for a number of years and we are delighted to be making this investment. Harald, Alex and the rest of the management team have an uncompromising dedication to quality and a proven track record of growing successful restaurant businesses.
“We are looking forward to working with them to facilitate Côte’s measured growth plans over the coming years.”
Earlier this year CBPE sold biotech group Rosemont Pharmaceuticals to NASDAQ listed Perrigo for a return of 3.25 times.
Copyright © 2013 AltAssets