(Press Release) Taco Holding, a portfolio company of Mexican private equity firm Nexxus Capital, signed an agreement to acquire the master Carl’s Jr. franchise for Mexico City and the surrounding area, including 25 restaurants in operation.
The transaction includes the acquisition of 25 Carl’s Jr restaurants. As a result of this acquisition, Taco Holding has reached 566 points of sale
Taco Holding, S.A.P.I. de C.V. (“Taco Holding”) announced today that it has signed an agreement to acquire the master franchise for Mexico City and the surrounding area, including 25 restaurants in operation, making it one of the three largest Carl’s Jr. operators in the country. The acquisition is expected to close in the following days.
Carl’s Jr. is an American-based quick service restaurant (“QSR”) chain owned by CKE Restaurant Holdings, Inc., with presence in 39 countries. It opened its first store in 1941, and as of March 2016 operated over 3,650 restaurants under the Carl’s Jr. and Hardee’s brands, both directly and through franchises.
Carl’s Jr. has a sound track record in the QSR industry in Mexico. Since the incorporation of the Mexico City master franchisee in late-2011, the company has had a clear growth strategy and Taco Holding will continue its expansion.
Taco Holding is a diversified platform of leading brands in the foodservice industry in Mexico. Considering this acquisition, it operates 566 points of sale throughout 18 states, including 90 franchised units, while generating more than 5,500 jobs. Taco Holding is a portfolio company of Nexxus Capital.
Carl’s Jr. joins the brand portfolio of Taco Holding which include Krispy Kreme, La Mansión, Gino’s, El Farolito, Sbarro, and Taco Inn, among others.
The acquisition of the Carl’s Jr. master franchise for Mexico City and the surrounding area is in line with Taco Holding’s strategy to become one of the largest and highest-growing companies in the Mexican foodservice industry.