[ad_1]
The Carlyle private equity fund signed the contract for the acquisition of a 23.3% stake in the Madero hamburger chain for R $ 700 million . Talks began in September and the agreement was reached in November, as stated by the state . In the last two months, restaurant network data has been subject to a due diligence process. The company values 100% of Madero for 3 billion rubles. The intention of the parties is to accelerate the growth of the company in order to conduct an initial IPO by 2020.
Junior Durski is the founder of the restaurant chain Madero "width =" 460 “/>
the founder of the network Madero snack bar
The Madero network, inaugurated in 2005, currently has 141 restaurants and is renowned for its rapid expansion.
Foto: Madero / Advertisement / Estadão
Part of the growth was financed by indebtedness, which was concentrated with the HSI fund. Today, Madero 's total debt is about 520 million rand. The $ 700 million paid by Carlyle should be used to pay off this debt and make the company more attractive to the stock market, said Friday's businessman (25), the man of Junior Durski, founder of Madero. 19659006] According to Durski, in addition to paying the debt to HSI, the company will also continue to face the accelerator in terms of expansion. Today, with 141 units, the network plans to open 52 additional restaurants in 2019. The numbers include the Madero, Stake House and Jerônimo chains (the most popular call).
Previously, the network had negotiated with several other funds, such as Catterton. , Gávea and General Atlantic. Madero has also worked with several advisors for such operations, such as Itaú BBA, Bradesco BBI and BR Partners.
After 24 months of "silence" on the market, the Carlyle – a fund that owns a company such as the Ri-Happy toy chain and the TokStok chain in Brazil – resumed its purchases in Brazil with Madero. The company has some "old" investments in Brazil, pending the possibility of making a profit.
In a note, Fernando Borges, Carlyle's leader for South America, pointed out that the goal is now to develop. "We are fully aligned with the expansion plan that the management team is looking for, and we are excited about the opportunities ahead."
According to State the restaurant chain aims to invite small individual investors to participate in the stock trading of the company. To this end, he wants to use the image of the presenter Luciano Huck, who owns 5% of the company and who is known for his advertising with various retail brands.
