Côte Restaurants Sector: Consumer and Leisure Date of investment: Sep 2013 Date of exit: Jul 2015 Return: 2.9x invested capital CBPE contact: Ian Moore The proof “We are really proud of what we have achieved at Côte since opening the first restaurant in 2007 and I would like to thank CBPE for their insight and guidance over their investment period. CBPE has been a very supportive investor and shares our commitment to providing a great eating out experience while keeping prices reasonable for our customers, which has been the cornerstone of our success. With CBPE’s support and investment, we have built a fantastic business which is very well placed for future success.” Alex Scrimgeour, Joint Managing Director of Côte Recipe for growth Expanding Côte Restaurants' footprint The opportunity Côte Restaurants is an award-winning restaurant group serving simple, freshly prepared French food at value-for-money prices in its brasserie-style locations. We identified an opportunity to back the experienced management team and help them achieve their ambitions to grow the business by opening new locations. At the same time, we understood that an effective operational infrastructure would play a crucial role in ensuring high quality food and service, through what would be a time of significant growth. The strategy We invested in Côte in September 2013, providing capital to facilitate the organic growth plans of the business. We introduced significant enhancements to the company’s operational infrastructure, such as a new state-of-the art development kitchen to underpin the quality of the food offering and a new focus on the training, welfare and career opportunities for Côte’s employees, in order to maintain the company’s reputation for excellent service. We also invested in improved financial analysis and KPIs to track business performance, and bolstered the management team, particularly in the areas of finance and operations. The result Under our ownership, the Côte estate grew by more than 50%, from 44 to 67 locations, while the number of employees rose by 1,300 and EBITDA increased by 60%. Throughout this period of dramatic growth, excellent performance was maintained across the entire business, with no sites reporting a loss. In July 2015, we realised our investment through a secondary sale to BC Partners, generating a return of 2.9x invested capital at an IRR of 78%. Previous All case studies Next Get in touch We’re not silent investors, we’d like to talk and find out more about you. If you feel the same, please get in touch. Contact T +44 (0)20 7065 1100 enquiries@cbpecapital.com Location CBPE Capital LLP 2 George Yard London EC3V 9DH Media enquiries Peter Ogden Powerscourt Phone: +44 (0)20 7250 1446 Email: Peter.Ogden@powerscourt-group.com Copyright © 2021 CBPE Capital LLP. All rights reserved. CBPE Capital is committed to conform with the Walker guidelines. CBPE Capital LLP is authorised and regulated by the Financial Conduct Authority. Privacy Policy. Legal. Make an enquiry Name Email Message Send