(RTTNews.com) – Burger King Worldwide (BKW) announced an exclusive restaurant development agreement with Fondo Escala Capital and Promotora to further develop the BURGER KING brand in Colombia by more than 100 new points of sale within the next five years.

As part of the transaction, Fondo Escala Capital and Promotora have agreed to acquire a majority stake in Kinco, S.A.S., currently a franchisee of Burger King Worldwide.

Burger King Worldwide said it entered Colombia in 2008 and the BURGER KING brand currently enjoys a strong consumer following throughout Latin America and the Caribbean with a presence in 29 countries across the region and approximately 1,250 restaurants in the region.