Santiago, Chile – November 7, 2025. Lucens Capital is pleased to announce the acquisition from Alsea of the Chilean franchise operations of Chilli’s and P.F. Chang’s (the “Company”).

In this transaction, Lucens Capital is partnering with Santiago Farinati, who most recently served as CEO of Alsea’s Southern Cone operations—overseeing more than 800 restaurants across five brands—together with two of Lucens Capital’s longstanding investors who bring deep regional operating expertise and a proven track record in the restaurant sector.

This transaction marks Lucens Capital’s seventh investment and second acquisition in Chile, reinforcing the firm’s focus on partnering with leading international brands and experienced local teams to unlock growth opportunities across the region.

“We see a unique opportunity to build on two iconic, globally recognized brands in a dynamic and underpenetrated market,” said Juan Pablo Sanchez Loria, a Partner at Lucens Capital. “Together with Santiago and our partners, we aim to leverage our experience in driving operational excellence and sustainable value creation to deliver an outstanding guest experience and strong long-term performance.”

About Lucens Capital

Founded in 2017, Lucens Capital is an independent private investment firm based in Buenos Aires, Argentina, focused on the mid-market segment in Latin America. The firm partners with founders, shareholders, and management teams to unlock value through strategic, operational, and financial initiatives.

Led by four former J.P. Morgan senior executives with a collective track record of over US$70 billion in completed transactions, Lucens Capital has executed seven private equity investments since inception across sectors including oilfield services, specialty chemicals, technology, insurance, and consumer services, with operations spanning Argentina, Brazil, Chile, Colombia, and Mexico