(Press Release) Nexxus Capital announced that through Taco Holding, a portfolio company of Fideicomiso Nexxus Capital’s funds, it acquired Mexico’s Inversionistas en Restaurantes de Carnes y Cortes, a multi-brand restaurant platform specialized in the casual dining sector.
Toro operates 51 company-owned and 24 franchised casual dining restaurants, mainly in Mexico City and with presence in 17 other states. The Company has well-positioned brands in the casual dining restaurant sector through 4 main brands: La Mansión, Gino’s, Casa Ávila and Bistrot Mosaico.
The acquisition has been funded mainly through a capital increase in Taco Holding by Nexxus VI and Nexxus VI Trust, funds managed by Nexxus Capital that co-invest pro rata according to the total equity available for each fund.
Taco Holding is a diversified platform of leading brands in the restaurant industry in Mexico which operates 405 owned units and 70 franchised units. Taco Holding operates Krispy Kreme, El Farolito, Sbarro, Taco Inn, Sixties Burger, Café Diletto, Neve Gelato, Arrachera House and Nuny´s.
With the acquisition of Toro, Taco Holding becomes one of the largest companies in the restaurant industry in Mexico with a diversified platform in the fast food, fast casual, specialty eateries, and casual dining sectors, operating through 549 locations across Mexico, with presence in 18 states, and powered by over 5,000 employees.