Blackstone Group stops Café Rouge IPO

Legal & General Ventures has sold Tragus, a UK-based casual dining group, to Blackstone for £267m. Tragus is one of the largest mid-market restaurant chains in the UK with over 160 sites across the country. It is also the owner of Café Rouge and Bella Italia chains and recently launched the new Ortega tapas concept.

Tragus was acquired by LGV in January 2005 and its sale follows the consideration of a number of strategic options available to the company with its advisors Close Brothers and Citigroup. Adrian Johnson, chief executive of LGV said: “We fully ...

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