McWin Capital Partners
McWin Capital Partners is a London-based private investment firm managing over €1bn across three food-focused funds, investing in growth-stage European foodservice brands and global food technology companies, anchored by founders with 4,200+ restaurants of operating experience.
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What McWin Capital Partners does
McWin Capital Partners is a London-headquartered private investment firm founded in 2021 by Henry McGovern (founder of AmRest Holdings SE) and Steven K. Winegar (founder of Restauravia Grupo Empresarial). The firm operates three specialized funds targeting the global food ecosystem: the €250M McWin Food Ecosystem Fund I (foodservice and food technology, nearly fully invested), the €250M McWin Food Tech Fund (growth-stage food technology across alternative proteins, vertical farming, sustainable packaging, ag-tech, delivery, and consumer tech), and the €525M McWin Restaurant Fund (large-cap European foodservice opportunities with ticket sizes of €100M+), with total capital managed above €1bn. McWin's revenue mechanics follow standard private equity economics: recurring management fees on committed/deployed AUM plus performance-based carried interest on portfolio realizations, supplemented by equity returns through direct stakes in portfolio companies.
The firm's competitive positioning rests on the founders' combined 35-year track record building and operating 4,200+ restaurants across Europe and a senior team of 30+ professionals including alumni from BCG, AmRest, Nomura, EBRD, Citibank, Yum, Krispy Kreme, CVC, and Goldman Sachs. Its portfolio spans iconic foodservice brands (Burger King Germany, Gail's, Vapiano, Dean & David, Flat Iron, CookUnity) and category-leading food technology companies (The EVERY Company, Upside Foods, Oishii, Footprint, Ecorobotix, Nuritas, Incapto, Menu, Clever Carnivore, Catcher, ElephantSkin). The 1,500+ restaurant locations across Europe serve as a commercial testbed for portfolio food-tech solutions, creating a flywheel between operating assets and technology investments. Distribution is via direct institutional LP relationships (anchored by an ADIA subsidiary on the Restaurant Fund), a Spanish vehicle with Abante Asesores Gestión, and a pitch-deck submission portal for entrepreneurs.
McWin Capital Partners firmographics
Firmographics- Name
- McWin Capital Partners
- Legal name
- McWin Advisors UK Limited
- Website
- https://mcwin.fund
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- McWin Capital Partners is a London-based private investment firm managing over €1bn across three food-focused funds, investing in growth-stage European foodservice brands and global food technology companies, anchored by founders with 4,200+ restaurants of operating experience.
- Ownership category
- akta.pro rank
McWin Capital Partners industry classification
Industry- Product category
- Private Equity and Venture Capital Fund Management
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)
- akta.pro secondary industries
- Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)
Keywords
Where McWin Capital Partners is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
McWin Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Fund Management Fees: Management fees charged on assets under management across their three funds: McWin Food Ecosystem Fund I, McWin Food Tech Fund, and McWin Restaurant Fund.
- Carried Interest: Performance-based carried interest from successful portfolio company exits and realizations.
- Investment Returns: Returns realized through equity stakes in portfolio companies across foodservice (Burger King Germany, Gail's, Vapiano) and food technology (The EVERY Company, Upside Foods, Oishii, Footprint) sectors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Food Ecosystem Fund I - €250M fund for foodservice and food technology investments |
| Other | Multi-year contract | McWin Food Tech Fund - targeting €250M for food technology investments |
| Other | Multi-year contract | McWin Restaurant Fund - €525M for large premier foodservice opportunities |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
McWin Capital Partners product offering
Product offeringCore offering
McWin Capital Partners is a London-based private investment firm that manages over €1bn across three specialized funds—the €250M McWin Food Ecosystem Fund I, the €250M McWin Food Tech Fund, and the €525M McWin Restaurant Fund—to provide growth-stage equity capital, operational expertise, and industry network access to companies in the foodservice and food technology sectors, with a primary focus on Europe and selective North American exposure.
Product overview
McWin Capital Partners is a private investment firm offering three distinct investment funds: the €250m McWin Food Ecosystem Fund I (fully invested), the €250m McWin Food Tech Fund for growth-stage food technology companies, and the €525m McWin Restaurant Fund for large European foodservice opportunities. The firm's investment strategy centers on partnering with exceptional founders driving sustainable disruption in the food ecosystem. Their portfolio spans both food service brands (including Burger King Germany, Gail's, Vapiano, Dean & David, CookUnity) and food technology companies (The EVERY Company, Upside Foods, Oishii, Footprint, Menu, Ecorobotix, Nuritas, Incapto, Clever Carnivore, Catcher, ElephantSkin). McWin provides capital along with operational expertise, industry networks, and hands-on value creation support to accelerate portfolio company growth.
Differentiator
Problem solved
Functional benefit
Products and services
- McWin Food Ecosystem Fund I A €250 million closed-end private equity fund launched in September 2021 by McWin Capital Partners, investing in leading foodservice brands and food technology category leaders across alternative protein, sustainable packaging, and vertical farming. The fund is nearly fully invested with headroom for follow-on and is allocated to 10 portfolio companies including Burger King Germany, Gail's, Vapiano, The EVERY Company, Upside Foods, and Oishii. It is offered to institutional limited partners on multi-year commitments.
- McWin Food Tech Fund A dedicated €250 million venture capital fund launched in June 2022 targeting growth-stage food technology companies globally, with a focus on Europe and North America. The fund invests across Series A to C rounds in alternative proteins, vertical farming, consumer food tech, delivery, supply chain optimization, ag-tech, and sustainable packaging. It is offered to institutional LPs and includes a Spanish feeder vehicle (McWin Food Tech Fund I FCR) co-managed with Abante Asesores Gestión.
- McWin Restaurant Fund A €525 million private equity fund closed in August 2022, the largest dedicated restaurant fund in Europe, exclusively investing in large premier foodservice opportunities with a focus on Europe. The fund targets iconic restaurant brands and large-cap restaurant groups with ticket sizes of €100M+, emphasizing digitization and internationalization. It is offered to institutional LPs, with Abu Dhabi Investment Authority (ADIA) as the primary limited partner.
Quantifiable outcome
- Fundraising success in difficult environment - raised €1bn+ across three funds
- +3 more outcomes
Companies that use McWin Capital Partners
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles3 records
McWin Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
McWin Capital Partners partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Mahou San MiguelcoreMcWin Food Tech Fund cooperation with Mahou San Miguel to accelerate innovation in beverage and restaurant tech sectors.
- Restaurant Brands InternationalcoreMcWin acquired master franchise and development agreement from Restaurant Brands International to grow Burger King and Popeyes brands in Eastern European countries (Poland, Czech Republic, Romania).
- G10 Capital LimitedcoreMcWin Advisors UK Limited is an appointed representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
McWin Capital Partners competitors and assessment
Company assessmentBroad incumbents
- Bridgepoint: Bridgepoint is a London-based PE firm with deep European consumer and food services exposure (e.g., Burger King Italy, SnoMic). Comparable in geographic focus and deal size profile to McWin's Restaurant Fund.
- Permira: Permira is a global PE firm with consumer and food sector expertise (e.g., Allegro MicroSystems, Carlyle Group). It competes with McWin for large European consumer/food transactions and brings operational expertise similar to McWin's thesis.
- EQT Partners: EQT is a major European PE firm with a dedicated consumer and health vertical. It pursues similar growth-stage food and restaurant opportunities at larger scale than McWin.
- PAI Partners: PAI Partners is a Paris-headquartered PE firm with deep foodservice and consumer track records (e.g., Burger King France, Marque Brands). It competes with McWin for European restaurant and branded food opportunities.
- CVC Capital Partners: CVC is one of Europe's largest PE firms with consumer and restaurant investments; McWin's Legal Manager (Disha Chandrachud) was previously Senior Legal Counsel at CVC. It competes with McWin for large-cap food deals at the upper end of McWin's range.
- LetterOne: LetterOne is a $30bn AUM evergreen fund focused on consumer and retail; McWin's Principal Vaibhav Juneja previously worked there. LetterOne is a comparable institutional investor/operator with adjacent food exposure at much larger scale.
- Eurazeo: Eurazeo is a large European listed PE firm with established food and consumer brands exposure (e.g., Foodles, Premium Brands). It is broader than McWin but competes for similar European growth-stage food deals at scale.
Direct peers
- TriSpan: TriSpan is a restaurant-focused PE firm that co-invested with McWin in Flat Iron Steakhouse. Its dedicated restaurant thesis and ticket size discipline make it a directly comparable foodservice-focused sponsor.
- CapVest Equity Partners: CapVest is a mid-market European PE firm with deep food and consumer sector focus; highly comparable to McWin given similar fund size, sector specialization, and operational value-add approach. McWin's CFO Neil Radia was previously CFO at CapVest.
Emerging players
- Five Seasons Ventures: Five Seasons Ventures is an early-stage European VC dedicated to food tech and agri-food. It is comparable to McWin's Food Tech Fund on the venture/growth side but at smaller ticket sizes and earlier stage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
McWin Capital Partners social profiles
Digital presenceMcWin Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
McWin Capital Partners leadership team
Management profileNumber of profiles
Profiles11 records
McWin Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries3 records
McWin Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
McWin Capital Partners M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about McWin Capital Partners
What does McWin Capital Partners do?
McWin Capital Partners is a London-based private investment firm that manages over €1bn across three specialized funds—the €250M McWin Food Ecosystem Fund I, the €250M McWin Food Tech Fund, and the €525M McWin Restaurant Fund—to provide growth-stage equity capital, operational expertise, and industry network access to companies in the foodservice and food technology sectors, with a primary focus on Europe and selective North American exposure.
Is McWin Capital Partners a public or private company?
McWin Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was McWin Capital Partners founded?
McWin Capital Partners was founded in 2021. It employs 11 to 50 people.
Where is McWin Capital Partners based?
McWin Capital Partners is headquartered in London, United Kingdom, in the Europe region.
How does McWin Capital Partners make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest and investment Returns.
Who are McWin Capital Partners's main competitors?
Broad incumbents on record are Bridgepoint, Permira, EQT Partners, PAI Partners, CVC Capital Partners, LetterOne and Eurazeo. Direct peers are TriSpan and CapVest Equity Partners. Five Seasons Ventures is listed as an emerging player.
Does McWin Capital Partners have an API?
No public API is recorded for McWin Capital Partners.
What industry is McWin Capital Partners in?
McWin Capital Partners's product category is Private Equity and Venture Capital Fund Management. Its primary akta.pro industry code is BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital), with a secondary code of FSAAALAG, Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure). Its NAICS code is 52394 and its SIC code is 6282.