{"id":1854,"date":"2024-01-22T19:35:21","date_gmt":"2024-01-22T22:35:21","guid":{"rendered":"https:\/\/www.hsinvest.com\/?p=1854"},"modified":"2024-03-18T18:00:02","modified_gmt":"2024-03-18T21:00:02","slug":"","status":"publish","type":"post","link":"https:\/\/www.hsinvest.com\/en\/madero\/","title":{"rendered":"Growth capital","raw":"Growth capital"},"content":{"rendered":"\n
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In April 2015, HSI High Yield Credit I acquired BRL 88.3 million in convertible debentures issued by Madero, the second-largest restaurant chain in Brazil at the time, with 42 outlets and net revenues of BRL 150 million.<\/p>\n\n\n\n

Proceeds were used to finance expansion, construct a plant, and refinance debt.\u00a0<\/p>\n\n\n\n

The investment and a corporate reorganization helped cut costs and significantly improve margins, while improving operational and fiscal efficiency and internal controls.<\/p>\n\n\n\n

In July 2017, the Fund invested an additional BRL 50 million, financing the company’s continued expansion. By the end of 2017, Madero had reached a total of 111 restaurants and BRL 507 million in net revenues.<\/p>\n\n\n\n

In April 2017, HSI Special Opportunities II acquired BRL 380 million in debentures issued by the company. Proceeds were used to refinance existing debt (including the position held by HSI High Yield Credit I), to finance continued expansion, to fund working capital, and to pay dividends, among other uses.<\/p>\n\n\n\n

In 2019, the company reached 197 restaurants and over BRL 1 billion in net revenues. In March 2019, The Carlye Group acquired a 23.3% stake in the firm for BRL 700 million, the proceeds of which were used to entirely retire the debentures held by HSI, concluding the investment.<\/p>\n","protected":false,"raw":"\n

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In April 2015, HSI High Yield Credit I acquired BRL 88.3 million in convertible debentures issued by Madero, the second-largest restaurant chain in Brazil at the time, with 42 outlets and net revenues of BRL 150 million.<\/p>\n\n\n\n

Proceeds were used to finance expansion, construct a plant, and refinance debt.\u00a0<\/p>\n\n\n\n

The investment and a corporate reorganization helped cut costs and significantly improve margins, while improving operational and fiscal efficiency and internal controls.<\/p>\n\n\n\n

In July 2017, the Fund invested an additional BRL 50 million, financing the company's continued expansion. By the end of 2017, Madero had reached a total of 111 restaurants and BRL 507 million in net revenues.<\/p>\n\n\n\n

In April 2017, HSI Special Opportunities II acquired BRL 380 million in debentures issued by the company. Proceeds were used to refinance existing debt (including the position held by HSI High Yield Credit I), to finance continued expansion, to fund working capital, and to pay dividends, among other uses.<\/p>\n\n\n\n

In 2019, the company reached 197 restaurants and over BRL 1 billion in net revenues. In March 2019, The Carlye Group acquired a 23.3% stake in the firm for BRL 700 million, the proceeds of which were used to entirely retire the debentures held by HSI, concluding the investment.<\/p>\n"},"excerpt":{"rendered":"","protected":false,"raw":""},"author":1,"featured_media":1925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_pt_post_content":"\n

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Em abril de 2015, o fundo HSI High Yield Credit I subscreveu BRL 88,3 milh\u00f5es em deb\u00eantures convers\u00edveis em a\u00e7\u00f5es, emitidas pelo Madero, a segunda maior rede de restaurantes do Brasil naquele momento. Nessa \u00e9poca a companhia possu\u00eda 42 restaurantes e BRL 150 milh\u00f5es de receita l\u00edquida.<\/p>\n\n\n\n

Os recursos da emiss\u00e3o foram utilizados para financiamento da expans\u00e3o, constru\u00e7\u00e3o de uma nova unidade produtiva e o refinanciamento de d\u00edvidas. <\/p>\n\n\n\n

Com tal investimento e uma reestrutura\u00e7\u00e3o societ\u00e1ria e organizacional acompanhada pela HSI, a empresa conseguiu reduzir despesas e aumentar suas margens de forma material, melhorou sua efici\u00eancia produtiva e tribut\u00e1ria, bem como seus controles internos.<\/p>\n\n\n\n

Em julho de 2017, o fundo fez outro investimento na rede, aportando BRL 50 milh\u00f5es adicionais, dando continuidade ao financiamento do projeto de crescimento do Madero. Em 2017, a companhia atingiu um total de 111 restaurantes e BRL 507 milh\u00f5es de receita l\u00edquida. 

Em abril de 2018, o fundo HSI Special Opportunities II adquiriu BRL 380 milh\u00f5es em deb\u00eantures emitidas pela companhia. Os recursos foram utilizados para o refinanciamento da d\u00edvida (incluindo a d\u00edvida mantida pelo HSI High Yield Credit I), para financiar a cont\u00ednua expans\u00e3o da rede, capital de giro, distribui\u00e7\u00e3o de dividendos, entre outros.

Em 2019, a rede atingiu um total de 197 restaurantes e mais de BRL 1 bilh\u00e3o em receita l\u00edquida. Em mar\u00e7o de 2019, o Carlyle Group adquiriu 23,3% de participa\u00e7\u00e3o na companhia por BRL 700 milh\u00f5es, sendo que parte dos recursos foram utilizados para pr\u00e9-pagar as deb\u00eantures detidas pela HSI, concluindo assim a transa\u00e7\u00e3o.<\/p>\n","_pt_post_name":"madero","_pt_post_excerpt":"","_pt_post_title":"Growth capital","_en_post_content":"\n

\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n<\/figure>\n\n\n\n
<\/div>\n\n\n\n

In April 2015, HSI High Yield Credit I acquired BRL 88.3 million in convertible debentures issued by Madero, the second-largest restaurant chain in Brazil at the time, with 42 outlets and net revenues of BRL 150 million.<\/p>\n\n\n\n

Proceeds were used to finance expansion, construct a plant, and refinance debt.\u00a0<\/p>\n\n\n\n

The investment and a corporate reorganization helped cut costs and significantly improve margins, while improving operational and fiscal efficiency and internal controls.<\/p>\n\n\n\n

In July 2017, the Fund invested an additional BRL 50 million, financing the company's continued expansion. By the end of 2017, Madero had reached a total of 111 restaurants and BRL 507 million in net revenues.<\/p>\n\n\n\n

In April 2017, HSI Special Opportunities II acquired BRL 380 million in debentures issued by the company. Proceeds were used to refinance existing debt (including the position held by HSI High Yield Credit I), to finance continued expansion, to fund working capital, and to pay dividends, among other uses.<\/p>\n\n\n\n

In 2019, the company reached 197 restaurants and over BRL 1 billion in net revenues. In March 2019, The Carlye Group acquired a 23.3% stake in the firm for BRL 700 million, the proceeds of which were used to entirely retire the debentures held by HSI, concluding the investment.<\/p>\n","_en_post_name":"","_en_post_excerpt":"","_en_post_title":"Growth capital","edit_language":"en","footnotes":""},"categories":[9],"tags":[],"class_list":["post-1854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-special-opportunities"],"_links":{"self":[{"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/posts\/1854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/comments?post=1854"}],"version-history":[{"count":19,"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/posts\/1854\/revisions"}],"predecessor-version":[{"id":2753,"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/posts\/1854\/revisions\/2753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/media\/1925"}],"wp:attachment":[{"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/media?parent=1854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/categories?post=1854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hsinvest.com\/en\/wp-json\/wp\/v2\/tags?post=1854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}