Bristol based Las Iguanas bought by Cafe Rouge owner

Las IguanasBristol-based Latin American restaurant chain Las Iguanas has been bought by the owner of Cafe Rouge and Bella Italia for £85m.

Casual Dining Group acquired the business from its private equity owners Bowmark Capital.

Las Iguanas, which opened its first branch in Bristol’s St Nicholas Street in 1991, now has 41 outlets across the UK.

Las Iguanas chairman and co-founder Eren Ali announced today he plans to step down from the group.

He said: “The business has never been stronger. It has been a privilege to work with the team at Las Iguanas and Bowmark Capital to build such a strong brand.

“I have every confidence in the potential of the business and look forward to seeing it flourish under its new ownership structure.”

Mr Ali and co-founder Ajith Jayawickrema opened the first Las Iguanas with a £10,000 bank loan in a former Italian restaurant – one of seven to have failed on the site.