April 2017: Lateral, a restaurant group specialised in casual dining has been acquired by the private equity firm BlueGem.

Lateral is a restaurant group that has acted as promoter of the Spanish “tapas” fast casual dinning concept. It has seven restaurants, six of which are in Madid and one is located in Barcelona.

BlueGem Capital Partners is a private equity firm with over €500 million in assets under management. Its focus and sector expertise is in branded consumer facing business and strategic distribution.

SOCIOS acted as exclusive financial adviser to the shareholders of Lateral and advised on all aspects of the design, negotiation and closing of the transaction.