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New deal : SAUSALITOS

New deal : SAUSALITOS

New deal : SAUSALITOS

Kartesia announced today that it has arranged & underwritten a 27.5M€ unitranche bond financing supporting the acquisition of Sausalitos by funds advised by Ergon Capital Partners.

This unitranche financing, which was arranged in a competitive time-frame, comprises 5M€ of capex bonds, which are yet to be issued by the company and hence provide for financial flexibility without the need for a significant overfunding at inception.

European Capital was brought into the deal shortly after Closing for a total participation of 12M€. European Capital and Kartesia have already partnered on several prior transactions.

Founded in 1994, Sausalitos has grown to a nationwide chain of restaurant bars. Sausalitos operates 22 owned locations throughout Germany offering customers an extensive, innovative cocktail menu of over 200 cocktails complemented with a selection of Californian-Mexican food. Sausalitos is headquartered in Munich and employs 900 largely part time employees.

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