Mexican Finaccess Capital buys stake in Amrest

Mexican private equity fund Finaccess Capital will purchase a 32 percent stake in Wrocław-based restaurant chain Amrest from Warburg Pincus, Amrest informed on Thursday. In July, Warburg Pincus, the main Amrest's shareholder has signed a binding agreement to sell a 31.71 percent stake in the restaurant operator. According to the contract, Warburg Pincus will indirectly get rid of 6.7 million shares, worth some PLN 1.1 billion. As a result of the deal, Warburg will be no longer a shareholder of the company. Warburg Pincus is a global private equity firm focused on thesis-driven growth investing at scale. Amrest recorded PLN 53 million net profits, in the H1. The chain features 854 restaurants.