Significant minority investment in partnership with founder and CEO Junior Durski will support new restaurant growth and continued investment in the company’s operations

New York, NY and São Paulo, BR – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to make a significant minority investment in Grupo Madero (“Madero”), the largest casual dining and fast-casual restaurant chain in Brazil.  Terms of the transaction were not disclosed.

Founded in 2005, Madero operates 140 restaurants primarily across three restaurant brands: Madero Steakhouse, Madero Container and Jeronimo. Madero Steakhouse is a casual dining concept with table service and an expansive menu headlined by “the best burger in the world,” while Madero Container and Jeronimo are fast-casual concepts with high-quality, hamburger-focused menus. Madero is able to maximize quality, service and efficiency by leveraging its technology-enabled platform and vertically-integrated business model, the foundation of which is its state-of-the-art central kitchen in Ponta Grossa.

“We are thrilled to partner with Carlyle – a firm which combines experience investing in restaurants around the world with a deep understanding of the Brazilian retail market, which will be a valuable resource as we execute on our growth strategy,” said Junior Durski, Madero’s Founder and Chief Executive Officer.  “Carlyle understands our vision for Madero and values our unique culture and dedication to our customers, employees, and local communities.  We have set ambitious goals, and we are excited that Carlyle will be our partner for the next stage of our journey.”

Jay Sammons, Managing Director and Carlyle’s Global Head of Consumer & Retail, said, “Madero has built a differentiated brand and business model, utilizing consumer-oriented technology and leveraging the company’s best-in-class operations to serve great food to millions of satisfied customers across Brazil. We are excited to apply our significant restaurant and consumer expertise to support Junior and Madero’s leadership team as they execute on the company’s plans for future growth.”

Fernando Borges, Managing Director and Head of Carlyle’s South America Buyout Group, said, “Junior and his team have done an exceptional job building Madero into one of the pre-eminent restaurant brands in Brazil.  We are fully aligned on the growth plan that Junior and the management team are pursuing, and we are enthusiastic about the opportunities ahead.”

Equity from this transaction will come from Carlyle Partners VII, an $18.5 billion fund that makes strategic majority and minority investments across five industries.  Carlyle has extensive experience investing in the restaurant space and in Brazil, including past investments in Dunkin’ Brands (franchisor of Dunkin’ Donuts and Baskin-Robbins), Chimney (pub-style restaurant chain in Japan), Alamar Foods (franchisee of Wendy’s and Domino’s Pizza restaurants in the Middle East), Gastronomía & Negocios S.A. (largest franchisor of quick service restaurants in Chile), Babela Group (Italian dining restaurant chain in China), CVC Brasil Operadora e Agência de Viagens S.A. (tour operator in Brazil), Tok&Stok (one of the largest design, furniture and decoration retailers in Brazil), Ri Happy (one of the largest specialty retailers of toys in Brazil) and Rede D’Or (largest hospital network in Brazil), among others.  Carlyle has invested more than $2.5 billion in Brazilian-based companies over the past 10 years, and the investment in Madero reflects the firm’s long-term commitment to supporting companies in the region.

The transaction remains subject to anti-trust review.

Pinheiro Neto and Debevoise & Plimpton served as counsel to Carlyle, and Santander served as financial advisor to Carlyle. Grupo Madero was advised by Machado Meyer Advogados.

* * * * *

About Grupo Madero

Madero, the leading casual and fast-casual dining restaurant chain in Brazil, was founded in 2005 by Junior Durski, a self-taught chef who opened his first restaurant in 1999. The company operates 140 restaurants under three principal banners: Madero Steakhouse, Madero Container and Jeronimo. Madero Steakhouse is the company’s original casual dining format developed in 2005 and is one of the largest casual dining banners in Brazil.  Madero Container is a fast-casual format developed in 2014, which offers a burger-focused subset of Madero Steakhouse’s menu. Jeronimo is the company’s newest fast-casual concept which was launched in 2017 and offers a high-quality, burger-focused menu.  Madero’s vertically-integrated business model, which includes a state-of-the-art central kitchen and full logistics capabilities, including an owned fleet of temperature-controlled trucks, enables the company to focus on providing high-quality food at affordable prices across every major region in Brazil. The company employs approximately 6,000 people.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Media Contacts

The Carlyle Group:

Devin Broda
Sard Verbinnen & Co.
+1 (212) 687-8080
Carlyle-SVC@sardverb.com

Fish and seafood specialist Fiskeboa is acquired by Johan i Hallen and Bergfalk, which formed the JOHBECO group together with their main shareholder Litorina last summer. The group has a strong market position in Stockholm and Gothenburg, and this latest acquisition will allow it to offer a broader and more attractive range on the west coast, with coverage also across the rest of the country.

The acquisition means that Johan i Hallen will be able to offer a broad range of high-quality fish and seafood as part of its usual range. For its customers, most of whom are in the restaurant and hotel sector, this deal will also make things considerably more efficient, since all meat, charcuterie, fish and seafood orders can now be made from one and the same supplier.

“This will strengthen our position as a supplier of meat and fish, and above all, it will improve our customers’ access to a wide and high-quality offering. This applies not only to those who have always chosen to turn to us, but also to those who are customers of Fiskeboa,” says Johan Andersson, Johan i Hallen.

“Thanks to Bergfalk’s and Johan i Hallen’s purchasing channels, our customers will gain a partially new and more exclusive product range that we could not otherwise have achieved. In addition, with Johan i Hallen we will be able to reach a wider circle of customers, even beyond Gothenburg. This merger will strengthen Fiskeboa, but to a great extent also Johan i Hallen and Bergfalk,” says Martin Petersson, CEO of Fiskeboa.

“Bergfalk has a long history within fish and seafood sales, but has lacked proximity to fishermen and auctions on the west coast. Together with Fiskeboa we will be able to benefit from each other’s know-how and channels. Fiskeboa is a supplier with high quality and service ambitions, something they share with the rest of the group. After the partnership between Johan i Hallen and Bergfalk, Fiskeboa strengthens our intention to become the Nordic Region’s best perishables specialist,” says Lars Bengtsson, CEO of JOHBECO.

For further information, please contact:
Lars Bengtsson +46 70 523 30 02, CEO of JOHBECO
Johan Andersson +46 70 884 44 04, Johan i Hallen
Martin Petersson +46 70 592 42 77, CEO of Fiskeboa

Irish company Monaghan Mushrooms has agreed to acquire all shares of Walkro held by Gimv and Walkro’s management.

Nordian Capital has acquired a majority interest in Dutch TecSource (DTS), a leading international provider of specialized machines and solutions for the food processing industry.

DTS (www.dutchtecsource.com) has over the course of more than 30 years developed a strong market position in the production of thermal food processing equipment. With its product knowledge, engineering skills and outstanding manufacturing capabilities the company has specialized in processing equipment based on auger technology. With this capability the company has a leading position in the potato processing industry, especially with its screw blanching equipment. In addition, DTS has realized its successes in some other food segments, including a wide range of vegetables, soybeans, mushrooms, shrimps, cranberries & blueberries. For all these industries, DTS develops and delivers (unique) processing techniques, sophisticated processing lines and auger technologies for internal transport.

Nordian Capital will support DTS in further expanding its market positions in the full range of food segments. DTS is delighted with this new partnership with Nordian Capital. DTS founders Rob van Beem and Justin Wakker will remain actively involved with the company as shareholders and advisors. The current management team, consisting of Marcel van de Pol, Peter van der Stouwe and Jeroen Oostveen will partner alongside Nordian to shape the future of Dutch TecSource.

CEO of DTS, Marcel van de Pol: “Over the last years we’ve grown the business into a wider range of segments, whilst maintaining our focus on auger technologies. Now is the moment to expand that approach more internationally and to a next level. With Nordian the basis is formed for further growth in new markets and segments.”

Barcelona, 31 October 2018 –Global alternative asset manager The Carlyle Group (NASDAQ: CG), today announced that it has completed the acquisition of c. 68% of the shares in Unideco S.A., the parent company of Codorníu. The transaction, which was announced by the company on 28 June, 2018, has completed after receiving the required regulatory approvals. Equity for this investment came from Carlyle Europe Partners IV, a mid-large capital buyout fund.

Codorníu, the oldest family-owned cava producer in Spain, is a symbol of continuity and loyalty to its origins. The company has five centuries of history and experience that combine tradition and modernity, resulting in a winery that is able to innovate and respond to increasing demand for exceptional quality cavas and wines. With 10 wineries in Spain, Argentina and California and over 3,000 hectares of vineyards, Codorníu is a world leader in viticulture and oenological knowledge.

ENDS

Note to editors

THE CODORNIU RAVENTÓS GROUP ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH THE CARLYLE GROUP TO SELL A MAJORITY STAKE IN THE COMPANY

Barcelona, 28 June 2018 – The Codorníu Raventós Group has signed an exclusivity agreement for the sale of a majority stake in the company to funds managed by The Carlyle Group (NASDAQ: CG). The transaction values the company at 390 million euros and is expected to close at the end of the year subject to confirmatory due diligence and regulatory approvals. Equity for this investment will come from Carlyle Europe Partners, a mid-large capital buyout fund..

Ms. Mar Raventós, current Chairwoman of Codorníu, is pleased with the agreement through which Carlyle will acquire a majority holding in the Catalan company and said: “This agreement will help boost the company overseas and consolidate and give continuity to our strategy centered on building valuable and prestigious brands.” Raventós added: “after analyzing various options we have reached consensus, agreeing on a solution which has a lot of potential and takes a long-term view on leadership for the company”.

With Carlyle’s future partnership there is clearly an opportunity for the Codorníu Raventós Group to continue to improve its performance and results. This year the company expects to close its fiscal year with an EBITDA of 26 million euros, a significant improvement on the previous year’s results and fully in line with the company’s long term strategic plan.

Carlyle has a long tradition of successful partnerships with family businesses, supporting their growth and expansion. Alex Wagenberg, Managing Director, Carlyle Europe Partners, said; “Codorníu Raventós is an exceptional company, poised for global leadership in the cava and wine industry. The company has a number of first class brands, which are well positioned in the market. We hope to build on this successful trajectory by supporting the company with growing its global footprint, both organically and through acquisitions, and to further enhance its position in quality wines. We are proud to support a business with such a strong history and heritage.”

The Codorníu Raventós group, the oldest family-owned cava-producer in Spain, is a symbol of continuity and loyalty to its origins and innovation. The company has five centuries of history and experience that combine tradition and modernity, resulting in a winery that is able to innovate and respond to increasing demands for exceptional quality cavas and wines. With 10 wineries in Spain, Argentina and California and over 3,000 hectares of vineyards, Codorníu is a world leader in viticulture and oenological knowledge.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Carlyle Europe Partners

Carlyle Europe Partners (CEP) seeks to invest in mid-large sized companies in Europe across a wide range of sectors and industries, to accelerate their growth and to support their efforts to expand internationally. The current fund is now the fourth in the CEP franchise. A team of 39 investment professionals manages the fund across five offices. Recent family partnerships by the fund include Saverglass (France), Logoplaste (Portugal), Cupa Group (Spain).

For more information:

The Carlyle Group Press Office Spain – Kreab
Oscar Torres
Mobile. +34 685 929 026 – T. +34 91 702 71 70
Email: otorres@kreab.com

The Carlyle Group
Katarina Sallerfors
Tel: +44 (0)20 7894 3554
Katarina.Sallerfors@carlyle.com

Catherine Armstrong
Tel: +44 (0)20 7894 1632
Catherine.Armstrong@carlyle.com