Keenwawa, Inc. announced that it expects to receive $44.449288 million in funding from Valor Equity Partners, Tao Capital Partners, M.H. Alshaya Co. W.L.L., Alsea, S.A.B. de C.V. and other investors
July 16, 2019
Share
Keenwawa, Inc. announced that it will issue 18,289,630 series B preferred shares at issue price of $2.4303 per share for the gross proceeds $44,449,287.789 in funding on July 17, 2019. The shares carry non-cumulative fixed dividend value of $0.1944 per annum per share. The shares will be convertible in common shares at a fixed conversion price of $2.4303 per share. The company will issue securities pursuant to exemption provided under Regulation D. The round will be raised at a post money valuation of $235,292,768.
On the same date, the company received $30,000,000 in its first tranche co-led by Tao Capital Partners and returning investor Valor Equity Partners. The tranche also included participation from Starbucks licensees, including M.H. Alshaya Co. W.L.L. and Alsea, S.A.B. de C.V. and 10 other investors.
Alsea SAB de CV is a Mexico-based company primarily engaged in the foodservice sector. Its main activities include the operation of such reputed franchises as the Dominoâs Pizza, Burger King, California Pizza Kitchen, Chiliâs Grill & Bar, Italianniâs, Pei Wei Asian Diner and PF Changâs China Bistro fast-food restaurant chains, as well as the Starbucks Coffee coffeehouse chain. In addition, through Distribuidora e Importadora Alsea SA de CV, the Company provides logistics and food distribution services to its restaurants located in Mexico. The Company operates through a numerous subsidiaries, such as Cafe Sirena S de RL de CV, Operadora de Franquicias Alsea SA de CV, Operadora y Procesadora de Productos de Panificacion SA de CV, Gastrosur SA de CV and Especialistas en Restaurantes de Comida Estilo Asiatica SA de CV, among others. In May 2014, the Company acquired 100% stake in VIPs, the restaurant chain, which had belonged to Wal Mart de Mexico SAB de CV before.
Keenwawa, Inc. announced that it expects to receive $44.449288 million in funding from Valor Equity Partners, Tao Capital Partners, M.H. Alshaya Co. W.L.L., Alsea, S.A.B. de C.V. and other investors
ALSEA, S.A.B. DE C.V. 
