Deals
Carlyle-Backed Madero Said to Seek $1.3 Billion Valuation in IPO
- Restaurant chain filed for Brazilian IPO earlier this month
- Madero saw almost four-fold surge in net debt amid pandemic
This article is for subscribers only.
Madero Industria e Comercio SA, a Brazilian restaurant chain backed by private equity firm Carlyle Group Inc., is seeking to be valued at about 7 billion reais ($1.3 billion) in its initial public offering, according to people familiar with the matter.
The Ponta Grossa, Parana-based company plans to raise about 1.2 billion reais with the share sale, said the people, who asked not to be named as the discussions are private. Some of the existing investors would also sell some of their stake. Madero declined to comment, citing a quiet period.