Grupo Carolo Secures USD $30+ Million Investment from Kans Capital to Fuel Expansion
31 Julio 2024 - 9:00AM
Grupo Carolo, a leading name in the Mexican culinary scene with its
flagship brands Blanco, Carolo, Casa Ó, La Popular, and Farina,
among others, announces an investment exceeding US$30 million from
the Mexican private equity fund Kans Capital. This strategic
partnership is set to accelerate the expansion of Grupo Carolo,
particularly in the United States, through the brands of Eureka
Restaurant Group: Eureka!, La Popular, and Amalfi Llama.
Grupo Carolo owns and operates over 60
restaurants in the United States and Mexico, with sales of USD$200
million and over 4,000 employees. The company plans to open 40 new
restaurants in the next five years, aiming to reach 100 restaurants
by 2029.
Kans Capital's investment will enable Grupo
Carolo to expand its presence in the regions where it already
operates and enter new markets. Currently, the company offers a
diverse culinary portfolio that includes the innovative American
cuisine of Eureka!, the authentic Mexican flavors of La Popular,
and the Mediterranean-inspired high-end dishes of Amalfi Llama.
"We are very excited to partner with Kans
Capital to embark on this exciting growth journey," said Eduardo
Gomez, CEO of Grupo Carolo. "This investment will allow us to bring
the vibrant flavors and unique dining experiences of Eureka!, La
Popular, and Amalfi Llama to a broader audience. We are committed
to doubling our footprint within the next five years. Grupo Carolo
will benefit from Kans Capital's experience and operational
capabilities, leveraging their industry knowledge and strategic
resources to drive our growth and expansion."
The restaurant industry in the United States is
expected to exceed one trillion dollars for the first time. The
National Restaurant Association forecasts record sales of $1.1
trillion in 2024 and the creation of 15.7 million jobs.
"We are delighted to partner with Grupo Carolo
and support their expansion plans," said Adriana Sandoval, Managing
Partner of Kans Capital. "Our investment reflects our confidence in
their vision and the exceptional quality of their restaurant
brands. We are confident that together we will achieve remarkable
growth and success in the US market."
With this new investment, Grupo Carolo is poised
to enhance its operational capabilities, expand its restaurant
network, and introduce its acclaimed dining experiences to new
customers across the United States.
Grupo Carolo was advised by Actinver Investment
Bank (M&A) and Caype Abogados, while Kans Capital was advised
by Winston & Strawn, Muñoz Manzo y Ocampo, Deloitte, and Chávez
Vargas Abogados.
About Grupo CaroloGrupo Carolo
is a leading restaurant group in Mexico, renowned for its
high-quality dining experiences and innovative culinary concepts.
The company owns and operates several popular restaurant brands,
including its flagship brand in Mexico.
About Eureka Restaurant
GroupEureka Restaurant Group is a dynamic restaurant
company known for its innovative dining concepts. With a commitment
to culinary excellence and exceptional service, Eureka operates a
diverse portfolio of restaurants across California, Nevada, Texas,
Florida, Idaho, and Washington.
About Kans CapitalKans Capital
is a Mexican private equity fund dedicated to investing in
high-growth companies across various industries. With a focus on
creating value and supporting long-term growth, Kans Capital
partners with dynamic businesses to help them achieve their
strategic goals.
For media inquiries, please contact:
Sofia Fraser
Miranda Partners, Senior Analyst
sofia.fraser@miranda-partners.com
+1 (917) 657 7577