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.
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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
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