Ex-McDonald's COO Alvarez Joins Advent International As Operating Partner

Nov 8 2017 | 10:40pm ET

Global private equity company Advent International has engaged former McDonald’s senior executive Raul Alvarez as an operating partner.

In his new role, Alvarez will work closely with Advent’s retail and consumer team to identify and assess investment opportunities in the sector globally, the company said in a statement. Most recently, je assisted Advent in evaluating its investment in First Watch Restaurants Inc., which operates more than 300 daytime cafés.

Alvarez is a 40-year veteran of the restaurant industry and currently chairman of Skylark Co. Ltd., a Japan-based operator of over 3,000 restaurants. He spent 15 years in executive leadership positions with McDonald's Corporation, culminating in his appointment as president and chief operating officer from August 2006 until his retirement in December 2009. Prior to joining McDonald's, he held executive positions with Wendy's International and the Burger King Corporation. 

“Raul brings a wealth of expertise to our investment activities from managing and growing global consumer brands over the past four decades,” said Tricia Patrick, a managing director at Advent, in the statement. “He has proven to be an invaluable partner to us, and we welcome his continued contributions to both our proactive deal sourcing and our efforts to support growth in partnership with our portfolio companies.” 

Advent’s long-established operating partner program includes more than 80 senior industry executives who work in specific sectors as independent consultants to Advent and its portfolio companies. These executives typically assist in activities such as finding attractive investment opportunities, conducting due diligence and creating and supporting value creation plans for Advent’s portfolio companies. 

Advent has significant investment experience in the retail, consumer and leisure industry, investing more than $10 billion in 74 companies in the sector worldwide. Founded in 1984, Advent as a whole has participated in more than 330 private equity transactions in 40 countries. As of June 30, 2017, it managed $43 billion. 

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