CityA.M. reports that Casual Dining Group (CDG), owner of Las Iguanas and other restaurant chains, is to sell £150m bonds in a refinancing.
CDG, formerly Tragus, is the owner of Cafe Rouge and Bella Italia, as well as the recent acquirer of tapas group La Tasca and South American restaurant group Las Iguanas. CDG was acquired in 2014 by a consortium led by Apollo private equity, and has since undergone a major restructuring that cut its debt to £91 million after the sale of the La Strada chain.
What’s next?
No doubt CDG’s existing and recently acquired brands will have expansion and investment plans already in place, but CDG may also be eyeing new opportunities?