GDANSK, April 8 (Reuters) - Central European quick-service restaurant operator Rex Concepts plans to launch an initial public offering on the Warsaw Stock Exchange, the company said on Wednesday. The
Burger King and Popeyes franchisee Rex Concepts plans Warsaw IPO
Rex Concepts' IPO and Expansion Strategy
GDANSK, April 8 (Reuters) - Central European quick-service restaurant operator Rex Concepts plans to launch an initial public offering and list its shares on the Warsaw Stock Exchange, it said on Wednesday.
IPO Details and Fund Utilization
The master franchisee of the Burger King and Popeyes brands in Poland, the Czech Republic and Romania expects gross proceeds of up to 560 million zlotys ($154 million) from the issuance of new shares.
Business Plan and Growth Acceleration
Rex Concepts said it planned to use the funds to finance its business plan and accelerate growth. It could also pursue market consolidation in Central and Eastern Europe or introduce new brands, it added.
Company Background and Ownership
Founded in 2022 by former AmRest managers, the company operated 159 locations as of the end of last year. It is wholly owned by Luxembourg-based Rex Invest CEE, indirectly controlled by McWin Capital Partners.
About McWin Capital Partners
McWin, established in 2021 by food-service entrepreneurs including AmRest founder Henry McGovern, manages about 1 billion euros in assets across the restaurant and food technology sectors.
Expansion Plans and Financial Performance
Restaurant Network Growth
Rex Concepts plans to open about 70 new restaurants in 2026 and aims to expand its network to around 850 locations across its three markets by 2032.
Recent Financial Results
Revenue and EBITDA Growth
In 2025, the company's revenue grew 66% to 594.6 million zlotys, while its core profit, or EBITDA, rose to 43.4 million zlotys from 6,000 zlotys in 2024.
($1 = 3.6393 zlotys)
(Reporting by Rafal Nowak, editing by Milla Nissi-Prussak)
