Spanish burger chain Vicio has obtained a €25 million syndicated loan led by Santander to finance its growth plan.
Key takeaways
- Loan details: The loan is syndicated by five banks—Santander, Sabadell, Caixabank, BBVA and the Catalan Institute of Finance.
- Expansion targets: Vicio aims to operate 50 restaurants and employ 800 staff by the end of 2026.
- Recent openings: The company opened 11 new outlets in 2023 and plans to add 12 more in 2027.
- Previous financing: This is the second syndicated loan from the same group, following a €12.5 million facility granted in December 2024.
- Origins: Vicio began as a home‑delivery service in 2020 before expanding into brick‑and‑mortar locations.
Loan agreement and participants
The €25 million facility was arranged by Santander, which acted as lead arranger. Co‑lenders include Sabadell, Caixabank, BBVA and the Instituto Catalán de Finanzas. The banks will provide the funds on the same terms as the earlier €12.5 million loan.
Growth strategy
Vicio’s expansion plan targets rapid scaling of its restaurant network. After launching 11 new sites in 2023, the chain expects to open another 12 locations in 2027, bringing the total to 50 outlets. The company projects a workforce of 800 employees by 2026.
Background of the brand
Founded in 2020 as a delivery‑only service, Vicio quickly moved into physical restaurants. The brand’s growth has been supported by repeated bank financing, reflecting confidence in its business model.
Why it matters:
The loan enables Vicio to increase its footprint in Spain’s fast‑food market, creating jobs and adding competition for existing chains. For consumers in the Middle East and Egypt, the expansion signals the rising influence of European quick‑service concepts, which could shape future franchising and investment opportunities in the region.