"Apollo Group" buys owner of "Restoranai 12" and "Caif Cafe" for over 5 million euros

Estonian investment firm "Apollo Group" is poised to significantly expand its culinary footprint in Lithuania with the planned acquisition of "Restoranai dvylika" and "Ccf kavinės" for a combined sum exceeding 5 million euros. This strategic move, pending approval from the Lithuanian Competition Council, underscores "Apollo Group's" aggressive growth strategy within the Baltic region and Finland.

The deal values "Restoranai dvylika" at over 5 million euros, while "Ccf kavinės" is valued at approximately 272,600 euros. "Apollo Group's" existing portfolio includes a strong presence of KFC fast-food franchises, "Delano" self-service restaurants, and the "Can Can Pizza" chain across the Baltics. This acquisition will further solidify its position in the Lithuanian market.

"Apollo Group" recently secured 51 million euros through bond issuance, signaling its intent for active development. In Lithuania alone, the company currently operates 37 locations, encompassing restaurants and cinemas, with ambitious plans to establish around 30 new venues in the next few years. Across the entire Baltic region, their total number of establishments reaches 130.

This expansion is not just about acquiring existing businesses; it's about consolidating market share and leveraging capital for further growth. The Lithuanian market, with its growing consumer base and appetite for diverse dining options, presents a fertile ground for "Apollo Group's" continued expansion. The company's strategic investments signal confidence in the region's economic potential and its own capacity to scale operations effectively.