The owner of the restaurant chains Café Rouge, Bella Italia and Las Iguanas is planning to invest £30m into the business after a refinancing.
Casual Dining Group said it would explore growth opportunities after securing “substantial new investment”.
The company, backed by Apollo Global Management, the private equity firm, is understood to have undergone a debt-for-equity refinancing led by another private equity firm, KKR. In a debt-for-equity swap a lender writes off debts in return for some of the business.
