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Individual Restaurant Company

individual restaurant logo

Sector: Consumer

Deal Type: MBO

Date: Feb '04 - Dec '06

Investment Overview

The Individual Restaurant Company operates a chain of 16 premium restaurants under two key brands – Bar & Grill and Piccolino.

Why we liked it

Gresham provided the capital to fund a site roll-out programme, opening 11 restaurants (10 Piccolinos and 1 Bar & Grill). During our investment, IRC underwent a period of rapid organic growth as we helped it to realise its tremendous growth potential by providing strong strategic and financial support to the management team.

How did we help?

The business was exited in 2006 through the £41m reverse take-over of an AIM quoted Group.