Mcwin Fund Reaches 1,000 Million With The Backing Of Del Pino
McWin , the investment platform created by Henry McGovern and Steven K. Winegar, founder of AmRest and executive of Grupo Zena, has reached 1,000 million euros of assets under management with its three vehicles and the support of a broad Spanish investor base.
Along with Nortia Capital -the holding company of Lao, founder of Cirsa- , the support of family offices and institutions such as Gestamp -the Basque multinational of automotive components-, as well as the Del Pino family and ADIA , one of the investment arms of the Government of Abu Dhabi. Several partners of large national private equity managers have also joined, individually..
McWin has received the green light from the CNMV for its 250 million euro venture capital fund , called McWin Food Tech Fund I FCR, in collaboration with Abante as management company . The private equity vehicle offers Spanish institutional investors the possibility of investing from the Spanish fund and/or from a Luxembourg vehicle, facilitating their access to the food ecosystem on a global scale.
Its largest vehicle, endowed with 500 million euros and dedicated to restaurants , has also closed its capital raising period with the sovereign fund Abu Dhabi Investment Authority (ADIA) as anchor investor and main partner. Under the name of McWin Restaurant Fund (MRF), it is Europe’s largest specialist restaurant investment vehicle with provision for additional capital as suitable investment opportunities arise. In 2021, McWin launched its first fund, the McWin Food Ecosystem Fund, endowed with €250 million.
To date, the McWin team has made significant investments as majority partner of Burger King in Germany (main franchisee), Gail’s (the premium bakery group in the UK) and Vapiano , the fast-casual restaurant firm present in more from 30 countries. The firm and its McWin-advised funds have a growing portfolio of more than 1,300 restaurants.
investor appetite
In the current turbulent environment, Martín Dávalos, a partner at McWin, acknowledges having “observed a great appetite on the part of investors for this type of alternative products specialized in one of the largest industries in the world.” The investment firm collaborates with founders and CEOs who are committed to sustainable disruption , mainly in the restaurant and food tech sectors .
The platform connects the universe of restoration with the world of investment, operating at the intersection between technology and food . Its objective is to identify opportunities, mainly in North America and Europe, betting on companies prepared to scale and focused on improving the value chain of the food industry through the incorporation of the most innovative technology.
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