Skip to main content
Canada’s most-awarded newsroom for a reason
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
Canada’s most-awarded newsroom for a reason
$1.99
per week
for 24 weeks
// //

Buyout fund Cinven has bought a majority stake in Restaurant Brands International’s unit in the Iberian peninsula, in a deal valuing RB Iberia at €1-billion ($1.18-billion), the companies said in a joint statement on Wednesday.

The founders of Restaurant Brands Iberia and Burger King Europe GmbH – the European branch of the fast-food chain – will retain a minority stake in the Iberian unit, and the current executive team will stay in place, the statement added.

Spaniards’ growing appetite for restaurant meals and fast food, and the pandemic-induced boom in digital food delivery are favourable market trends able to shore up substantial growth for RB Iberia, the companies said.

Story continues below advertisement

“This is an attractive opportunity for primary investment: (RB Iberia) has a solid strategic position in the growing market of fast food in the Iberian peninsula and we’re delighted to join forces … to accelerate its growth,” Cinven partner Jorge Quemada said.

RB Iberia holds the master franchise rights for Burger King in Spain, Portugal, Gibraltar and Andorra, as well as for the fried chicken chain Popeyes and doughnut shop Tim Hortons in Spain.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies