UNQUOTE

SPAIN - Monitor Capital buys 95% of the restaurant chain Pinocchio

  • Angelica Mari
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The private equity firm Monitor Capital has acquired 95% of the shares of the Spanish food chain Pinocchio, which operates ten restaurants and pizzerias in Montecarlo, Madrid and Valencia.

According to press reports, the expansion plans for the chain include the opening of 20 new restaurants around Madrid and in the Iberic Peninsula. “Our aim is to strengthen our position in the restaurant sector, which is where we have been investing intensively in the past few years”, says Robert Warfield, managing director of Monitor Capital.
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