The president of Burger King is negotiating an alliance with Galán and Costa to bid for the group
The president and second shareholder of RBE wants to form a hard core to buy 51% from Cinven. He seeks to add Peninsula and other investors such as Alba to the consortium, to take the other 49%.
Cinven, a British private equity firm, is exploring a new path to exit its investment in Restaurant Brands Europe (RBE), the parent company of Burger King in Spain and Portugal, and Popeyes in Spain and Italy. Gregorio Jiménez, RBE's president and second-largest shareholder, is negotiating an alliance with the families of Ignacio Sánchez Galán, Iberdrola's president, and Costa Cerezuela, owners of Costa Food Group, to structure a bid for RBE.
The potential deal, which could value RBE at €2.1-2.5 billion, including debt, may involve Peninsula Capital, Corporación Financiera Alba, and Mubadala as minority investors. Cinven acquired RBE in 2021 and has since more than doubled the company's size.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
