Trilantic Capital Partners Europe exits Istanbul Doors Group, owner of the leading restaurants in Istanbul and Tom Aiken’s restaurants in London
London – November 20, 2012 – Trilantic Capital Partners Europe (“Trilantic Europe”) has sold its stake in Istanbul Doors Group (IDG), a leading international group of restaurants headquartered in Istanbul, to Dogus Group, one of Turkey's largest conglomerates. The Istanbul Doors Group includes restaurants such as Anjelique, Vogue, Gina and Raika in Istanbul and Tom Aiken’s group of prestigious restaurants in London.
Trilantic Europe invested alongside the founding shareholders of IDG in 2008 which at the time had 12 local restaurants with a strategic ambition to expand the business internationally.
Over the past 4 years the business has expanded into a network of 35 restaurants across 5 countries including the UK, Russia, and Azerbaijan. IDG now employs over 1,200 people and has launched its own Academy to provide technical training as well as recognised certification in the sector.
Trilantic brought in a professional management team that together with the Founding shareholders drove the business through a five year growth strategy and which now has the expertise to continue IDG’s success post Trilantic’s exit. In 2011, IDG backed Tom Aikens, acquiring a controlling stake in Tom Aiken’s restaurants including the Michelin star restaurant and Tom’s Kitchen in Chelsea. Further plans include opening another two restaurants early next year in Canary Wharf and in central Istanbul.
One of Trilantic’s core key investment themes is the ability to successfully identify and develop European companies, including family-owned businesses, which have the capability to grow outside their domestic markets, combining local geographic knowledge and understanding of macro-economic trends. Other examples of buying into local businesses and helping management through international development have included Talgo, the high performance train company, MW Brands, the former seafood division of Heinz and Medi-Clinic, the South African headquartered hospital group.
Vittorio Pignatti-Morano, Founding Partner and Chairman of Trilantic Capital Partners Europe said “We are proud to have contributed to such a successful business working along side our Partners and management to grow the Doors Group into the world class restaurant group that is it today. Our values and strategy, combined with a true local partnership has yielded the budgeted returns for our investors and an enriching professional experience for the Trilantic Team.”
Trilantic Capital Partners (Trilantic) is a global private equity firm focused on mid-market control and significant minority investments in Western Europe and North America having invested over €4bn in more than 60 companies since 1989. Trilantic employs flexible transaction structures and has a strong heritage of partnering with family-owned businesses as well as providing growth capital to outstanding management teams. Trilantic is differentiated from its competition by the firm's history of disciplined, successful investing and its demonstrated capability to supply flexible and growth capital and to be true partners with the management of its portfolio companies.