The amount of the transaction was not disclosed.
The company intends to use the proceeds to expand geographically and accelerate the growth of the El Corral® brand.
Led by Claudio Arcuri, CEO, the fast casual restaurant chain offers select locally grown vegetables, certified Angus beef, and a broad pallet of gourmet toppings. It will launch its first US location in Miami this December and plans to aggressively expand nationwide.
Today, the company operates over 200 restaurants throughout Colombia, Chile, Ecuador and Panama.