Announced
Completed
Financials
Sources
Tags
Venture Capital
Brazil
Acquisition
Minority
Private
Friendly
fast food chain
Restaurants and Bars
Domestic
Completed
Single Bidder
Synopsis
BTG Pactual, a financial services fim, led a $67m Series C round in Oakberry, a Brazilian fast-food chain. "We designed Oakberry to be a global brand with a strong footprint in the United States, and the investment from BTG Pactual brings not only a financial partner, but also a strategic partner with a keen focus on reinforcing our expansion. The strategy to invest in corporate stores in high demand markets, like the United States, represents an excellent opportunity for capital allocation while, at the same time, establishing our brand in these regions," Georgios Frangulis, Oakberry CEO and Co-Founder.
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