H2 Equity Partners to sell Lunch Garden to Bregal Freshstream

H2 Equity Partners (“H2”) and its co-shareholders are pleased to announce that they have agreed to sell Lunch Garden (“Company”), a leading Belgian self-service restaurant chain, to Bregal Freshstream.

Lunch Garden operates 71 restaurants in Belgium positioned for the value segment and offers a traditional Belgian menu. All the restaurants are located at strategically attractive locations with high traffic. The Company employs approximately 1,300 employees and generated a branded turnover of circa € 120 million in 2014.

H2, in close cooperation with management, has initiated and directed the repositioning of Lunch Garden. Over the last five years, the Company has invested in the refurbishment and expansion of the restaurant portfolio. In the meantime step changes were made in the menu proposition, the management of the primary costs such as food costs and labor costs, and the marketing approaches of the Company.

After these structural improvements the Company is now a market leading restaurant chain with strong profits and cash-flow. Lunch Garden, with the support of its new owners, is well positioned to continue on its growth trajectory.

The transaction is expected to close early next year after approval by the Belgian competition authorities.

H2 was supported by: DC advisory, Deloitte and Roland Berger for (vendor) due diligence and by Ambos for legal matters.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.