McWin, a Luxembourg-based private investment firm specializing in the foodservice and food technology sectors, closed McWin Restaurant Fund (MRF), with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) as the primary limited partner.
MRF has secured initial funding commitments of €500m, with provision for additional capital as appropriate investment opportunities arise. The fund will build on the success of the McWin Food Ecosystem Fund, which is expected to close at €300m in Q3 2022, and the McWin Food Tech Fund with a target size of €250m, launched last month.
This will bring the total capital managed by McWin across the food tech and food service sphere to more than €1bn, significantly enhance McWin’s platform and consolidate McWin as a leader in the segment.
MRF will focus on larger investments with a ticket size of at least €100m, drawing on the McWin team’s expertise in helping brands reach the next level, supporting their digitization and internationalization. Led by Henry McGovern, founder of AmRest Holdings, one of Europe’s leading foodservice companies, and Steven K. Winegar, shareholder and senior executive of Zena Group and founder of Restauravia Grupo Empresarial, the team has already made significant investments in the foodservice market, including Burger King Germany (master franchisee), Gail’s (premium bakeries in the UK), and Vapiano (fast casual restaurants in 30+ countries). McWin and funds advised by McWin have a growing portfolio made up of more than 1,300 restaurants.
FinSMEs
05/08/2022