Bluegem II LP acquires a majority stake in Lateral, a branded restaurant chain of Spanish tapas with 20 years of history

18TH APRIL 2017 

Bluegem II LP acquires a majority stake in Lateral, a branded restaurant chain of Spanish tapas with 20 years of history.

Bluegem is pleased to announce the acquisition of a majority stake in Lateral, a branded restaurant chain operating in Spain in the fast casual dining segment of the market, focused on high quality Spanish tapas.

Lateral operates 7 restaurants, 6 of which are located in iconic streets of Madrid and 1 in Barcelona. The brand has 20 years of history, has significant brand awareness in Spain and in particular in Madrid and has a differentiated concept reflecting a lifestyle associated with arts and interior design.

The offering includes a combination of both traditional Spanish food and modern recipes using high quality products and offering a compelling value for money experience. 

Bluegem is keen to support the Company in its next stage of development, supporting the current management team in the further roll-out of the concept throughout Spain.