Buyout fund Cinven has bought a majority stake Restaurant Brands International’s unit in the Iberian peninsula in a deal valued at $1.18bn, the companies said in a joint statement on Wednesday.
The founders of Restaurant Brands Iberia and Burger King Europe GmbH – the European branch of the fast-food chain – will retain a minority stake in the Iberian unit, and the current executive team will stay in place, the statement added.
Subscribe to our Newsletter to increase your edge. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. Join 120,000 other PE professionals today.
Cinven is an international private equity firm, focused on supporting companies that want to step-change their growth. We operate as one team, collaborating across sectors, regions, disciplines and functions, with a single strategic purpose.
Source: Reuters
Can’t stop reading? Read more
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Aquilius Investment Partners, a...
KKR powers past $723bn AUM on record fundraising and historic investment pace
KKR powers past $723bn AUM on record fundraising and historic investment pace KKR & Co. posted...
Ardian to acquire 90% stake in Centrotherm, boosting European semiconductor portfolio
Ardian to acquire 90% stake in Centrotherm, boosting European semiconductor portfolio Ardian has...