Mercapital Invests $57M In Rubaiyat Restaurant Chain

Law360, New York (July 30, 2012, 2:59 PM EDT) -- Mercapital SL has picked up a 70 percent stake in Brazil's Rubaiyat Group restaurants for €46 million ($56.7 million), the Spanish private equity firm said Friday, part of a plan to broaden the chain's reach with several new locations.

The investment will propel Rubaiyat's international expansion plan that calls for 10 new restaurants over the next four years, Mercapital said. The first of the new eateries is under construction in Brazilian capital Brasilia, set to open for business by the end of the year, and will...
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