Another restaurant for Gresham

The UK mid-market specialist has backed the secondary buy-out of Town Centre Restaurants from HBOSIF, in a deal with a total funding package of £48m. Town Centre Restaurants’ three main brands are – Café Giardino, Auberge and Azzurro. Gresham exited Individual restaurant Company in November 2006 through the sale of the business to Bank Restaurant group for £41m returning 2.3x investment.