Kushner Targets Zamp Board After $200 Million Bet With Mubadala
- Kushner’s Affinity seeks seat on Brazil fast-food firm’s board
- Zamp looking to expand beyond Burger King, Popeyes franchises
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Affinity Partners, the private equity firm founded by Jared Kushner, is seeking to add a director to the board of Brazil-based fast-food firm Zamp SA after investing in the company earlier this year.
Affinity invested $200 million alongside controller Mubadala Capital, a unit of Abu Dhabi’s sovereign wealth fund, according to people with knowledge of the matter. Some of the capital will be used to expand the company’s portfolio beyond its current Burger King and Popeyes franchised restaurants, the people said, asking not to be identified because the information isn’t public. Zamp is also in talks to acquire the rights to represent Starbucks locally.