The Carlyle Group’s acquisition of Gastronomía y Negocios S.A.


Simpson Thacher & Bartlett, Barros & Errázuriz and Russi & Eguiguren have advised on the deal

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced the acquisition of 75 percent of Gastronomía & Negocios S.A., Chile’s largest franchisor of quick service restaurants (QSR) with strong proprietary brands such as Doggis, Juan Maestro, Mamut and Tommy Beans, from the Duch and Fuenzalida families, who retain a 25 percent stake in the company. Terms of the transaction were not disclosed.

G&N is a company with 30+ years of history, more than 320 stores throughout Chile, restaurant-wide revenues of more than US$150 million and with more than 3,000 direct employees. The company is a pioneer in the development and consolidation of the franchise model in Chile, currently operating with 70+ franchisees. G&N was established in 1983 by Duch brothers Ricardo, Juan Sebastián and Cristian, along with Oscar Fuenzalida.

In Order to finance the transaction, The Carlyle Group has secured a $16.6 Million Credit Facility from Scotiabank Chile.

Carey has advised Scotiabank Chile with a team including Socio Felipe Moro, Diego Lasagna and Patricia Montt.

Simpson Thacher & Bartlett LLP has advised The Carlyle Group with Todd Crider (Picture), Ismael Durán, Juan Naveira, Borja Marcos, Eduardo Goldberg, Alejandro Mila and Pablo Richards.

Barros & Errázuriz Abogados has advised The Carlyle Group with Bernardo Simian, Carlos Ducci, Lucas Marinovic, Vicente Cordero, Diego Ovalle, Gabriel Budnik, Eduardo Anguita, Juan Sebastián Alonso, José Tomás Lavin and Nicole Ubal.

Russi & Eguiguren has advised Gastronomía y Negocios S.A. with José Miguel Sanhueza C. and Valentina Mora.

Involved fees earner: José Miguel Sanhueza – Russi & Eguiguren; Valentina Mora – Russi & Eguiguren; Felipe Moro – Carey; Diego Lasagna – Carey; Patricia Montt – Carey; Bernardo Simian – Barros & Errázuriz Abogados; Carlos Ducci – Barros & Errázuriz Abogados; Vicente Cordero – Barros & Errázuriz Abogados; Gabriel Budnik – Barros & Errázuriz Abogados; Eduardo Anguita – Barros & Errázuriz Abogados; Juan Sebastián Alonso – Barros & Errázuriz Abogados; José Tomás Lavin – Barros & Errázuriz Abogados; Diego Ovalle – Barros & Errázuriz Abogados; Nicole Ubal – Barros & Errázuriz Abogados; Todd Crider – Simpson Thacher & Bartlett; Juan Naveira – Simpson Thacher & Bartlett; Borja Marcos – Simpson Thacher & Bartlett; Eduardo Goldberg – Simpson Thacher & Bartlett; Pablo Richards – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Alejandro Mila Valle – Simpson Thacher & Bartlett;

Law Firms: Russi & Eguiguren; Carey; Barros & Errázuriz Abogados; Simpson Thacher & Bartlett;

Clients: Carlyle Group; Scotiabank; Gastronomía y Negocios S.A.;

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Author: Ambrogio Visconti