February 2011: AmRest the international restaurant operator, backed by Warburg Pincus, and quoted on the Warsaw stock exchange, buys 100% of the shares of Restauravia in conjunction with its management team for a price exceeding €200 million Enterprise Value. The transaction will facilitate the internationalization of Restauravia’s acclaimed casual dining brand, Taglietella, as well as the roll out in Spain of the Restauravia’s KFC franchises.
As a result of the transaction, the company’s financial sponsor, Corpfin exits the investment having achieved a multiple of five times its investment over a four year period. The price represents a 30% premium to comparable quoted companies. The transaction takes place after a controlled auction process in which four financial groups and two industrial companies participated.
Socios Financieros acts as exclusive financial advisor to the shareholders of Restauravia and advises on all aspects of valuation, negotiation, financing and the highly successful sales process.