Axon acquires the “Cañas y Tapas” Franchise

Axon Partners Group (‘Axon’) has acquired from Alsea the chain of restaurants Cañas y Tapas, a restaurant brand specialized in Spanish gastronomy.

Cañas y Tapas was founded in Madrid in 1999 by the San Miguel brewery group. With the purchase of the brand in 2001 by the Zena group (now integrated into Alsea), it began its national and international expansion, with a mixed management model combining its own restaurants and franchise partners. Currently, Cañas y Tapas has fifteen restaurants, seven of them in Spain, seven in France and one in Portugal.

With this operation, Axon signs its second acquisition in the restaurant sector, after buying the restaurant chain Le Pain Quotidien (LPQ) in 2019. In this way, the entity consolidates its experience in areas of activity other than the technological fiefdom, in which it has already earned a place as a leading manager in Europe.

"Cañas y Tapas is a highly recognised brand with great potential for international expansion. This acquisition is another step in the sectorial strategy of Axon's direct investment unit. This unit creates specific sector opportunities for investors who have a special interest in a particular sector. The acquisition of Cañas y Tapas is part of the restaurant strategy that began its development with the acquisition of the LPQ master franchise" says Francisco Velázquez, managing partner of Axon.

"The acquisition of Cañas y Tapas will allow us to take advantage of synergies between our catering badges. With this second operation, we seek to continue consolidating our position in the sector with attractive and mutually compatible assets, while at the same time configuring a professional management structure that optimises each of the brands", said Alfonso de León, Axon's managing partner.

Axon is a global investment, alternative asset management and consulting firm with an extensive track record, solid track record and presence in over 80 countries. Since its creation in 2006, Axon has managed more than ?550m through different strategies with an average multiple of 3.3x in thirteen exits. It is in the Top 5 of the firms with the best returns on alternative assets in Europe in 2020 and in the Top 50 in 2019 according to Preqin.

Axon combines international experience in top level VCs, as well as in advisory and consulting services worldwide, reaffirming itself as a reference firm in the technology sector.

With this new acquisition of Cañas y Tapas, together with the already mentioned LPQ, Axon is consolidating its presence in the world of restoration in a solid, diversified way and with high growth potential at a national and international level.

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