Finaccess buys 32% AmRest stake from Warburg Pincus

Warburg Pincus's exit comes five years after it acquired its shareholding in AmRest, paying €79.2m for a 31.71% stake in 2010. The GP announced in July that the business had been put up for sale.

AmRest's current market cap on the Warsaw stock exchange is around €880m, with the market price of Warburg Pincus's 6,726,790 shares just shy of €280m – though the actual transaction price is likely to have been different.

Company
Founded in 1993, AmRest is a Polish-headquartered restaurant operator in the CEE region.

The company owns the franchise rights to Yum! Brands restaurants such as KFC, Pizza Hut and Burger King, as well as Starbucks, Applebee's and La Tagliatella.

AmRest has 676 restaurants across Poland, Czech Republic, Hungary, Russia, Bulgaria, Serbia, Croatia, Spain, France, Germany and the US.

People
Henry McGovern is the co-founder, president, chair and CEO of AmRest.

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• Topics
• CEE
• PIPEs
• Consumer
• Poland
• Warburg Pincus