Advents Buys Into Mexican Restaurant Sector

Global private equity firm Advent International Wednesday announced it had acquired 100% of Mexican restaurant operator Grupo La Mansión. The company did not disclose any financial details of the deal. So far this year, Advent has made six investments in the region’s retail sector worth $900 million. The firm said it planned to make further acquisitions of restaurant chains in the country to expand the business in the domestic market and “achieve greater economies of scale.”