Cinven negotiates the acquisition of Burger King in Italy | EUROtoday

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Cinven has submitted a proposal of round 300 million euros to Kharis Capital for the Italian enterprise of the Burger King chain. The goal is to combine it into RBE and promote the ensuing group, which has already attracted curiosity from Apollo, CVC, KKR and TDR.

British non-public fairness agency Cinven is negotiating with Belgian agency Kharis Capital to accumulate Burger King’s Italian enterprise and combine it into Restaurant Brands Europe (RBE), the group that manages the companies of Burger King, Popeyes and Tim Horton’s in Spain and Portugal, and of which the fund controls 70%, based on a number of market sources consulted by EXPANSIÓN.

Talks with Kharis Capital to accumulate Burger King’s Italian enterprise are happening alongside the sale of RBE, a course of nonetheless in its early phases, however which has already attracted curiosity from a number of the worldwide non-public fairness heavyweights, reminiscent of Apollo, CVC, KKR and TDR, based on the sources. RBE’s goal with the acquisition of Burger King’s actions in Italy is to duplicate within the transalpine nation the mannequin efficiently utilized by the corporate in Spain, the place Burger King has 1,000 eating places, and in Portugal, with over 200 areas.