Armada Fund V has closed its third investment and provided financing in support of the acquisition of Bastard Burgers (bastardburgers.se) by Equip Capital (equip.no). Bastard Burgers is a fast-growing Swedish premium burger restaurant chain. The concept is inspired by American street food and offers an attractive selection of burgers including a parallel plant-based menu.
With 30 restaurants across the country and several new units to be opened shortly, the company plans to expand its footprint significantly over the coming years. Armada will support the expansion plan with further capital.
“It is an attractive opportunity for us to support Bastard Burgers and we have great confidence both in the company’s management and the Equip team. This is the third investment of the new fund and it constitutes a good fit to our strategy, due to Bastard Burgers’ strong performance, the attractive roll-out potential as well as the healthy underlying market dynamics”, says Jan Wiklund, joint Managing Partner of Armada Credit Partners.
For more information, please contact:
Jan Wiklund tel. +46 70 551 4054 at Armada Credit Partners, Stockholm branch.