Casual Dining Group (CDG) has reached agreement to acquire the 41-strong Las Iguanas restaurant business from mid-market private equity firm Bowmark Capital. Las Iguanas is known for its authentic South American dishes and range of premium cocktails, and is popular with young professionals and families. It is a national restaurant brand, with sites located from Aberdeen to Plymouth, and trades predominantly on the high street but also on leisure parks and in retail locations.
Mos Shamel, the CEO of Las Iguanas, will join the CDG board and will continue to lead and develop Las Iguanas. Shamel has worked at Las Iguanas for 12 years, in various roles, having joined when the business comprised just six sites. He said: “This is a great result for Las Iguanas, which is a hugely successful business, and I’m looking forward to the next stage of its development and growth as part of CDG.” Martin Robinson, Chairman of CDG, added: “This is another significant step in delivering on our vision of creating the UK’s leading casual dining group. We are delighted to welcome Mos, who with founder Eren Ali, has developed an outstanding brand that is much loved by its customers.”