BlueGem II LP acquires a majority stake in Big Fernand. the leading French gourmet burger chain
BlueGem II LP acquires a majority stake in Big Fernand, the leading French gourmet burger chain.
BlueGem is pleased to announce the acquisition of a c.80% stake in Big Fernand. Founded in 2011 by Steve Burgraff, Guillaume Pagliano and Alexandre Auriac, Big Fernand currently operates nearly forty restaurants in France, London, Dubai and Hong Kong.
As part of the transaction BlueGem also injected seven million euros in the company and acquired the two restaurants in Hong Kong, which were previously operated under a franchise agreement.
Steve Burggraf will remain the CEO of the company and leads its expansion.
"It is a tremendous opportunity for Big Fernand to partner with BlueGem, a fund that specialises in developing successful retail brands internationally” said Steve. “This investment launches a new phase of development for our company.”