Bowmark buys Las Iguanas

UK mid-market firm Bowmark Capital has acquired 100% of the share capital of Las Iguanas as part of a £27m MBO.

Las Iguanas operates a chain of 14 Latin American restaurants across the UK, and specialises in Latino food. Bowmark has provided £10.5m of equity to finance the deal, which provides an exit for Piper Private Equity, which invested in the business in July 2002.