Business · Companies · 57 mins ago
Gregorio Jiménez-led group buys control of Restaurant Brands Europe for over €2.3bn
Gregorio Jiménez and investors are buying Cinven’s 51% stake in Restaurant Brands Europe for more than €2.3 billion.
The company operates Burger King, Popeyes and Tim Hortons restaurants in Spain, Portugal and Italy.
Jiménez, the Costa family and the Galán family will control 51% of the company together, while other investors will hold smaller stakes.
Restaurant Brands International, Burger King’s global parent, has backed the deal and will retain more than 10%.
The purchase is the largest deal in Spain’s restaurant sector and is being financed with a €1.4 billion loan.
The new owners have agreed a window to seek a stock-market listing within four years, though a listing is not guaranteed.
The acquisition is expected to close in the first four months of 2027, and the current management team is expected to continue its growth strategy.
Gregorio Jiménez and a group of investors have agreed to buy Cinven’s 51% stake in Restaurant Brands Europe for more than €2.3 billion.
Jiménez, the Costa family and the Galán family will form a core group controlling 51% of the company.
Restaurant Brands International, the parent of the brands, supports the deal and will retain a stake of more than 10%.
The acquisition is expected to close in the first quarter of 2027.
The new majority shareholders have agreed with Restaurant Brands International on a window for a potential stock market listing within four years.
- Who
- Gregorio Jiménez and a group of investors, including the Costa family and the Galán family.
- What
- They have agreed to acquire Cinven’s 51% stake in Restaurant Brands Europe for more than €2.3 billion.
- When
- The deal was reported on 6 November 2026; closing is expected in the first quarter of 2027.
- Where
- Restaurant Brands Europe operates in Spain, Portugal and Italy.
- Why
- Not stated
This story does not have two clearly opposing sides.
Cinven acquired control of Restaurant Brands Europe.
Restaurant Brands International vetoed Cinven’s agreed sale of Restaurant Brands Europe to Mubadala.
The company reported that Jiménez and a group of investors would acquire Cinven’s 51% stake.
The acquisition is expected to close.
- Purchase price
- More than €2.3 billion
- Stake being acquired
- 51% from Cinven
- Core group control
- 51% of Restaurant Brands Europe
- Expected closing
- First quarter of 2027
- Potential stock market listing window
- Within four years
- Restaurant network
- More than 1,400 locations
2 sources
What people are saying
This operation represents a natural step in the evolution of RBE and reaffirms my commitment to the project. We face this new stage with a long-term vision, supported by an extraordinary team, committed partners and brands with great growth potential.
The last few years have been a period of enormous transformation and growth. Cinven has been a true partner throughout this journey in which we have strengthened our organisation, expanded our international presence and built a platform prepared to continue growing ambitiously.