Valedo announces the acquisition of majority shares in Pinchos.

Pinchos, a Gothenburg, Sweden-based chain restaurant, announced getting into an agreement for selling the company to Swedish private equity group Valedo.

The financial details of the transaction remain undisclosed, while the company's founders, key employees and board of directors remain involved as minority shareholders.

Pinchos, founded in 2010 by Magnus Larsson, Jessica Ekelöf Larsson, Fredrik Mattsson and Johannes Räfsby, developed a app-based restaurant concept, offering a broad menu of appetizers drawing inspiration from all over the world.

The company has grown significantly during the last years with approximately 45 units established in Sweden and Norway as of today. In 2017 alone, 17 new units were added to the chain and the Company plans to open more than 20 new units during 2018.