Mercapital Invests in the Rubaiyat Restaurant Group to Support Its Expansion in Latin America (Latin America)

Source: Mercapital

Spain-based private equity firm Mercapital has announced the acquisition of a 70 percent stake in Brazilian restaurant group Rubaiyat for approximately EUR46 million (US$56 million). Mercapital purchased the stake from Rubaiyat’s founder, Belarmino Fernández Iglesias. Rubaiyat plans to use the capital to expand its business by opening ten new restaurants in four years in Brazil and Mexico.