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- Madero
Madero Revenue, Valuation, Funding & Investors
Madero is valued at $815M as of January 2019, a 3.7x revenue multiple. Madero revenue was $221M, as disclosed with its latest round.
Last Madero valuation
$815M
Undisclosed stage · Jan 2019
Last Madero funding round
$53M
Undisclosed stage · Nov 2021
Madero revenue
$221M
Undisclosed stage · Jan 2019
Key investors in Madero
Madero Overview
About Madero
Madero is a Brazilian restaurant group founded in 2005 by chef Junior Durski. At the time of Carlyle's investment it operated 140 restaurants under three brands, Madero Steakhouse in casual dining and the fast-casual Madero Container and Jeronimo. The group follows a vertically integrated model built around a central kitchen in Ponta Grossa, in the state of Parana, and employs about 6,000 people. Durski remains founder and chief executive. The company sells burgers, steaks and other meals directly to diners through its own restaurants, and it used new capital to open further locations and reduce debt. The chain is run from Brazil by a management team led by its founder, and its restaurants are located in the south and southeast of the country.
Founded
2005
HQ
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$221M (Jan 2019)
Valuation
$815M (Jan 2019)
Sectors
Madero Valuation
Madero is currently valued at $815M, based on its undisclosed-stage round in January 2019. Read the announcement ↗
The $163M round included Carlyle Group.
Madero valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2019 | Undisclosed stage | $815M | 3.7x |
Madero Revenue
Madero's latest recorded revenue is $221M, as of its undisclosed-stage round in January 2019. At a $815M valuation, that implies a 3.7x revenue multiple.
Madero revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2019 | $221M | $815M | 3.7x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Madero Funding History
Madero has raised a total of $216M across 2 funding rounds.
Madero's first fundraising round was a $163M undisclosed-stage round in January 2019. The most recent completed round was a $53M undisclosed-stage round in November 2021.
Madero funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Undisclosed stage | Carlyle Group | $53M | - | In November 2021 The Carlyle Group increased its existing stake in Madero, the Brazilian restaurant chain it first backed in 2019, in a deal worth BRL 300 million, or about 54 million dollars. Debevoise and Plimpton in New York advised Carlyle on the transaction. Carlyle had originally taken a 23 percent minority position in January 2019 through Carlyle Partners VII, in partnership with founder and chief executive Junior Durski. The follow-on investment deepened its ownership of a group that was founded in 2005 and, at the time of the first investment, operated 140 restaurants under the Madero Steakhouse, Madero Container and Jeronimo brands. Madero runs a vertically integrated model around a central kitchen in Ponta Grossa and employs thousands of people across its restaurants. The new capital supported the chain's continued expansion in Brazil. |
| Jan 2019 | Undisclosed stage | Carlyle Group | $163M | $815M | The Carlyle Group announced on 25 January 2019 a significant minority investment in Madero, the Brazilian restaurant chain, in partnership with founder and chief executive Junior Durski. Press reports put the stake at 23 percent for BRL 700 million, comprising BRL 100 million to acquire existing shares and BRL 600 million in new capital. Carlyle invested through Carlyle Partners VII, its 18.5 billion dollar US buyout fund, and the transaction was subject to regulatory approval. The investment was meant to support new restaurant openings and continued investment in operations. Durski said Carlyle's experience investing in restaurants around the world combined with a deep understanding of the Brazilian retail market would be a valuable resource. Madero was founded in 2005 and runs 140 restaurants under the Madero Steakhouse, Madero Container and Jeronimo brands, supplied from a central kitchen in Ponta Grossa, and employs about 6,000 people. |
Who has invested in Madero?
1 investor has backed Madero across its funding rounds, including Carlyle Group.
Madero Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMadero Competitors
Madero competitors include listed companies like Young's Pubs, First Watch, Kura Sushi and Cannae Holdings, and private ones like Country Delight and Red Lobster.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $681M | $138M | $814M | 1.7x | ||
| Private | $148M | - | $820M | 5.5x | ||
| Publicly listed | $1.2B | $104M | $799M | 1.4x | ||
| Publicly listed | $1.6B | $93M | $872M | 0.7x | ||
| Publicly listed | $424M | ($162M) | $761M | 2.1x | ||
| Private | - | - | $920M | - |
Madero Public Comps
Madero is still privately-owned, but its public comps include Young's Pubs, First Watch, Cannae Holdings, Kura Sushi, Collins Foods, TAB Gıda, Bloomin Brands, Ohsho Food Service, Sapphire Foods India and Restaurant Brands Asia.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $681M | $138M | 1.8x | 1.7x | 8.9x | 7.6x | |||
| $1.2B | $104M | 1.5x | 1.4x | 17.7x | 14.0x | |||
| $424M | ($162M) | 2.0x | 2.1x | (5.1x) | (15.8x) | |||
| $1.6B | $93M | 0.7x | 0.7x | 12.2x | 12.0x | |||
| $1.1B | $158M | 1.1x | 1.1x | 8.1x | 7.3x | |||
| $954M | $155M | 1.1x | 0.9x | 6.8x | 4.1x | |||
| $4B | $215M | 0.7x | 0.7x | 12.8x | 9.0x | |||
| $741M | $88M | 1.1x | 1.1x | 9.7x | - | |||
This data is available for Pro users. Sign up to see all Madero competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Madero
| When was Madero founded? | Madero was founded in 2005. |
| Where is Madero headquartered? | Madero is headquartered in Ponta Grossa, Brazil. |
| Is Madero publicly listed? | No, Madero is a private, VC-backed company. |
| What is Madero's valuation? | Madero was last valued at $815M in its undisclosed-stage round in January 2019. |
| How much funding has Madero raised? | Madero has raised $216M across 2 funding rounds. |
| What was Madero's last funding round? | Madero's last funding round was a $53M undisclosed-stage round in November 2021. |
| Who are Madero's investors? | Madero's investors include Carlyle Group. |
| What is Madero's revenue? | Madero's latest recorded revenue is $221M (January 2019). |
| What is Madero's revenue multiple? | Madero's latest valuation implies a 3.7x revenue multiple ($815M valuation on $221M of revenue). |
| Which companies are comparable to Madero? | Companies comparable to Madero include Young's Pubs, Country Delight, First Watch, Kura Sushi, Cannae Holdings and Red Lobster. |
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