McWin Food Ecosystem Fund, the fund created by Henry McGovern and Steven K.Winegar, founder of AmRest and executive of the Zena Group, is ending the year with 300 million euros. According to financial sources explained to elEconomista, the private equity vehicle has commitments worth 250 million contributed by a vast investor base led by Nortia Capital, the holding company of Lao, founder of Cirsa, as an anchor investor together with family offices and institutional investors. These include Gestamp, the Basque automotive components multinational, the Del Pino family and one of the investment arms of the Abu Dhabi government, along with several individual Spanish private equity partners. To date, the fund has invested 215 million euros and does not rule out possible operations in Spain.
AmRest founder, Henry McGovern, and executive and shareholder of Zena Group and MegaFood and founder of Restauravia Group, Steven K. Winegar, launched the McWin Food Ecosystem Fund in September 2021 to invest in leading hospitality and technology companies covering the food service and foodtech niche in Central Europe. The team also includes Martín Dávalos as Executive Director and Head of Investments. It is committed to making progress in sustainability, transforming the global food system and transitioning it to a non-animal protein sector by providing an innovative investment platform.
Latest investments
As well as the fundraising process, the McWin Food Ecosystem Fund, managed by Luxembourg-based investment firm McWin sro, continues to add to its global portfolio. In the fast food world, it has become a majority shareholder of Burger King in Germany by purchasing the share that BAUM Unternehmensgruppe, founded by entrepreneur Gregor Baum, held in Burger King Deutschland, Burger King’s master franchise in the German market. McWin sees opportunities for significant growth and innovation in the German market with Burger King playing a leading role.