Simpson Thacher instructed on Carlyle acquisition in Chile
Simpson Thacher advised Carlyle Peru Fund on its acquisition of a 75% stake in Chilean company Gastronomía & Negocios.
Carlyle Peru Fund is part of The Carlyle Group, the NASDAQ-listed global alternative asset manager.
Gastronomía & Negocios is the largest franchisor of quick service restaurants in Chile, with strong proprietary brands such as Doggis, Juan Maestro, Mamut and Tommy Beans. The company was established in 1983 by the Duch brothers Ricardo, Juan Sebastián and Cristian, along with Oscar Fuenzalida. It currently operates over 320 stores with 70 franchisees in Chile. The Duch and Fuenzalida families will retain a 25% stake in the company after the sale.
Partner S. Todd Crider led the Simpson Thacher advising Carlyle.