Advent on a Roll, Consumes Chicken Chain

Advent on a Roll, Consumes Chicken Chain

Funds

International PE firm Advent has acquired Frango Assado, a popular chain of roadside restaurants in Brazil that specializes in, among other things, rotisserie roasted chicken. The deal, heard at around BRL170m, is Advent’s third LatAm acquisition in a month, and was purchased using a substantial amount of leverage, say officials at the firm. “In the last 18 months we’ve been very concerned about asset prices,” Martin Escobari, the MD at Advent who worked on the deal, tells LatinFinance. He notes

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