Acquisition of Italian restaurant management company cleared
Friday 20 July 2012
The European Commission used the simplified procedure for merger reviews to clear, on 20 July, the acquisition of joint control of the Italian company Cigierre-Compagnia Generale Ristorazione by L Capital Management and Paladin Capital Partners. The Italian company develops and manages multi-ethnic restaurant formats located mainly inside malls in Italy. Capital is an investment management company focused on investment sectors, such as personal care and well-being, personal equipment, home and family equipment and selective retailing, which are ultimately controlled by Groupe Arnault. Paladin belongs to the Carisma Group with controlling interests in companies active in various sectors, including restaurants.