Cinven to acquire a majority stake in Restaurant Brands Iberia for c.€1bn.

Cinven, an investment firm, agreed to acquire a majority stake in Restaurant Brands Iberia, a Spanish restaurants firm, for c.€1bn ($1.18bn). The transaction is subject to customary anti-trust and regulatory approvals. “RB Iberia has been incredibly successful under the leadership of founder, Gregorio Jiménez, and is regarded as one of Restaurant Brands International’s best performing businesses. The company has a strong strategic position in the attractive and growing QSR market in Iberia and we are excited by the prospect of partnering with this ambitious and experienced team to accelerate growth,”Jorge Quemada, Cinven Partner