CAMINODecember 2012 | Investment News
Camino is a chain of Spanish tapas bar-restaurants reflecting the life and soul and tastes of Spain and offering modern, authentic Spanish cuisine. In December 2012, BGF took a minority stake in Camino and invested £3m of growth capital into the business.
Camino’s large restaurant sites are specifically designed to offer customers the dining and drinking culture of Spain, with an emphasis on shared food. It offers a high quality tapas menu, which is complemented by local Spanish wines and beers.
Since BGF's investment, Camino has opened sites in Blackfriars and Bankside and a dedicated Cava bar called Copa de Cava. The business now has four sites including restaurants in King's Cross and Monument. They have also hired an experienced Finance Director and worked to build brand awareness of Camino.
The business was founded in 2007 by Richard Bigg and Nigel Foster who have worked together since opening their first bar in Shoreditch in 1995. They have since gone on to open a series of successful bars across London and in Bristol, including: Cargo and Cantaloupe in Shoreditch; Market Place near Oxford Street; and the Big Chill chain of bars in Kings Cross, Brick Lane and Bristol. Camino’s Chairman, Mark Derry, is also a highly successful and experienced restaurateur in the dining sector, having previously built the 36-site Loch Fyne and 20-site Brasserie Blanc establishments.
Camino has won several awards, including Observer Food Monthly Best Bar in Britain 2008 and was shortlisted for the Best Emerging Concept category at the Retailers Awards, voted by industry peers. Bar Pepito, the UK’s first dedicated sherry bar and also owned by Camino, was named Time Out Best Bar in Britain in its first year.
Camino generates revenues of £8m and employs 150 people between its head office and restaurants.