Monday, November 28, 2022
SA Hospitality Group Reopens Historic Milan RestaurantPortfolio Insight
Three Hills Capital Partners (“THCP”) is pleased to announce that Three Hills Capital Solutions III portfolio company SA Hospitality Group (“SAHG” or “the Group”), a high-end US premium restaurant group, has reopened its historic Milan restaurant. This represents a significant milestone for the management team, with the Milan site forming a key pillar in the Group’s initial long-term growth plans, which centred on creating a leading international group in the sector and being the exclusive owner of the Sant Ambroeus brand worldwide.
On 14 November 2022, SAHG held the grand reopening of the Sant Ambroeus Milano restaurant, following a large renovation project inspired by Milan’s historical architecture and in keeping with the Sant Ambroeus DNA. As previously communicated in November 2021, SAHG had acquired the Sant Ambreous brand rights in Europe and the historic restaurant in Milan’s Corso Matteotti from the Festorazzi family. The acquisition of the site was symbolic for SAHG as it reunited its history with its future and created a single group with international presence in the US and Europe. The reopening of Sant Ambroeus Milano, therefore, establishes SAHG’s position as an international player in the sector, whilst generating invaluable publicity for the brand.
Since investing in 2019, THCP has supported the Group through a number of new restaurant rollouts, including seven new sites in 2022 alone. This brings SAHG’s total footprint to 20 locations, with robust trading continuing across the estate. THCP is pleased to remain as a supportive funding partner in the Group’s growth journey and will help SAHG to unlock its full potential through further expansion plans in 2023.