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Advent International to acquire Brazilian restaurant chain Viena15/10/2007. Source: AltAssets. 
 Mid-market buy-out firm Advent International has agreed to buy 100 per cent of Brazilian restaurant chain Viena from the company's founding shareholder. Financial details of the transaction were not disclosed.
Viena, founded in 1975, owns about 60 restaurants in São Paulo and Rio de Janeiro. The company operates six different restaurant concepts: Viena Express, self-service restaurants located in food courts in shopping centres; Viena Delicatessen, casual dining restaurants; Viena Café, coffee kiosks in shopping malls; V. Café, premium coffee shops in bookstores; Viena K Express, specialising in Jewish food, and Grano, self-service restaurants offering pasta and other Italian dishes.
The Viena acquisition is Advent's third in the Latin American restaurant sector over the past ten months and the first Brazilian investment by LAPEF IV, the $1.3bn raised by Advent earlier this year.
Viena follows the buy-outs of La Mansión, a casual dining restaurant group in Mexico, in November 2006, and Grupo RA, an operator of restaurant concessions in Brazil's main airports, in April 2007.
Patrice Etlin, a partner in Advent's São Paulo office, said that the acquisition of Viena will enable the integration of several operational processes at Viena and Grupo RA, benefiting both companies. 'There are tremendous synergies not only in production and back-office activities but also among the different brands,' he said. 'Viena is an excellent brand, which will certainly contribute to Grupo RA's operations in airports. Likewise, Grupo RA's brands, such as Brunella, will complement Viena's operations.'
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