Carlyle signs purchase of slice of Madero by R and mira $700 million IPO in 2020

The private equity fund Carlyle signed a contract for the acquisition of a share of 23.3% of the network of Flintstones paranaense Madero, by $700 million. The talks began in September and the deal was agreed in November, as is early state. In the last two months, the data from the network of restaurants have gone through a process of ' due diligence ' (financial data analysis). 100% of the assessed business Madero in R $3 billion. The intention of the parties is to accelerate the growth of the business to make an IPO (initial offering of shares) in 2020. Currently 141 restaurants, Madero, inaugurated in 2005, is best known for the rapid expansion of its business. Part of the growth was financed through debt, which were concentrated with HSI. Today, the total debts of Madero are around R $520 million. The R $700 million to be contributed by the Carlyle should be used to pay off this debt and leave the company more attractive par air, told the stock exchange status on Friday (25) the Junior businessman Durski, founder of Madero. Durski says that in addition to paying the debt with the HSI, the company will also continue with the foot on the accelerator in terms of expansion. Today with 141 units, the network plans to open 52 more restaurants only in 2019. The figures include the Madero, Stake House and Jerome (of most popular appeal). In the past, the network negotiated with several other funds, like Catterton, Gávea and General Atlantic. The Madero also came to work with multiple ' advisors ' to operations of the genre, such as Itaú BBA, Bradesco BBI and BR Partners. But ended up negotiating with Carlyle alone, while the Fund was advised by Santander. After 24 months of "silence" on the market, the Carlyle-Fund that owns business as the toy network Ri-Happy and TokStok decor chain in Brazil-returned shopping in Brazil with the Madero. The company is with some "old" investments in Brazil, waiting for the opportunity to realize a profit. The Ri-Happy, for example, is in line for IPOs (openings) in the bag. In a statement, Fernando Borges, leader of the Carlyle South America, emphasized that the goal now is to expand. "We are fully aligned with the plan to expand the team management is looking for, and we're excited about the opportunities that come ahead." According to the State it was found, the purpose of the chain of restaurants is inviting individuals small investors to participate in the trading of company stock. For that, you want to use the image of the host Luciano Huck, who owns 5% of the business and is known as poster boy of various retail brands.