Gaucho pairs with steak chain M Restaurants

Argentinian restaurant chain Gaucho has joined forces with M Restaurants in a new acquisition deal.

Gaucho’s holding company Lomo Bidco, an entity owned by Investec Bank and SC Lowy, has acquired the steak restaurant chain M Restaurants.

The deal will bring together Gaucho’s sixteen restaurants and M Restaurants’ three establishments.

Both brands will continue to operate separately but occupy one head office, with holding company Lomo Bidco to be renamed ‘Rare Restaurants’.

Under the leadership of new CEO Martin Williams, Gaucho was able to exit administration and save 750 jobs, and has experienced a consistent like-for-like cover growth since his appointment in October 2018.

Gaucho CEO Martin Williams commented: “I’m excited by the coming together of Gaucho and M Restaurants. Both brands are incredibly close to my heart and I am confident that together with Investec Bank plc and SC Lowy’s backing we have what it takes to build further on the success we’ve already achieved.”