DLA Piper represented Alsea S.A.B. de C.V., a Mexico City-based operator of quick service restaurants, coffee shops and casual dining establishments in Latin America and Spain, in the financing related to its €575 million acquisition of Spanish restaurant group Grupo Vips.

Grupo Vips managed 349 corporate restaurants and 90 subfranchises through a total of six brands in Spain, Portugal and Andorra at the end of the third quarter of 2018. The acquisition represents an opportunity for Alsea to further expand its presence in Europe.

The DLA Piper team was led by partner Xavier Mangino (Mexico City) and included partners Edgar Romo(Mexico City) and William Candelaria (New York); and associates Manuel Suárez, Manuel Hallivis (both of Mexico City) and Jesse Kirsch (New York).