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New Deal


Announced

Bessemer Investment Partners acquired KorMex Foods.

Synopsis

Private equity firm Bessemer Investment Partners acquired KorMex Foods, an American restaurant operator, through a new portfolio company platform set up for this purpose called MAS Restaurant Group. Financial terms of the transaction were not disclosed. Andrew Mendelsohn, Principal at BIP, said, "We see MRG as a platform with tremendous potential for expansion within the Taco Bell system, through both new store development and acquisitions. We look forward to partnering with Chad, Ben and the management team as they continue to operate high-quality restaurants and grow location count in Houston and beyond."

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