Team members involved:

Team members involved:

Las Iguanas is the UK’s leading Latin American restaurant chain, with 41 restaurants across the country, from Plymouth to Aberdeen, serving Latin dishes cooked fresh on site using the highest quality ingredients. Las Iguanas is a highly innovative brand and the pioneer of Latin American casual dining in the UK.

  • Investment: August 2007
  • Sector: Consumer & leisure
  • Business: Casual dining
  • Growth Strategy: Roll-out

Why we invested

Casual dining is a long-term growth market, and Las Iguanas has a unique and differentiated offering, with the potential for up to 150 restaurants across the UK. This was an opportunity to support an experienced management team, building on our track record in the leisure sector, where we have backed a number of successful roll-outs in the past.

The result

Las Iguanas delivered strong growth during the eight years of our ownership, expanding from its South West heartland into a national brand, and increasing the number of sites from 14 to 41. Over this period the company created more than 1,200 jobs. In 2015, Las Iguanas was sold to Casual Dining Group for £85 million, generating a return on the investment of 3.7 times cost.

Website: Read more about our Consumer & Leisure strategy

Bowmark has had a great impact at board level, and the partnership has worked extremely well for the past eight years.

Eren Ali, Founder
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