Cheyne Capital completed the acquisition of a 97.5% stake in Lacrem from Black Toro Capital.

Cheyne Capital, a debt fund, for financing, completed the acquisition of a 97.5% stake in Lacrem, the owner of Farga and Farggi 57 ice cream brands from Black Toro Capital, a private equity firm. Financial terms were not disclosed. In addition, the Fargas have regained absolute control of the restaurant business, made up of a chain of 20 own coffee shops and ice cream parlors –which have a turnover of around 25m per year– and another 25 franchised establishments.