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Tims China Secures $65 Million Funding and Partnership with Cartesian Capital Group and Restaurant Brands International Inc.

Jul 01, 2024

Contract Type

partnership

Sao PauloInformation TechnologyProfessional ServicesSoftwareInternet ServicesSaasConsultinginformation technology & services

Description

Tims China, the exclusive operator of Tim Hortons coffee shops in China, secured an aggregate of up to $65 million of financing and additional funding from its founding shareholders, Cartesian Capital Group, LLC (“Cartesian”) and Restaurant Brands International Inc. (“RBI” (NYSE: QSR)). Additionally, RBI has acquired the Popeyes China business from Tims China on a cash-free debt-free basis for an enterprise value of $15 million.

Company Information

Company

Zenvia

Location

181 Avenida Paulista

Sao Paulo, Sao Paulo, Brazil

About

Zenvia (NASDAQ: ZENV) is a technology company dedicated to creating a new world of experiences. It focuses on enabling companies to create personalized, engaging and fluid experiences across the entire customer journey, all through its unified, multi-channel customer cloud solution. Boasting two decades of industry expertise, almost 10,000 customers and operations throughout Latin America, Zenvia enables businesses of all segments to amplify brand presence, escalate sales, and elevate customer support, generating operational efficiency, productivity and results, all in one place.

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