Quilvest-backed Tortilla sees sales rise 20% to £30.4m last year The Californian burrito and taco restaurant group, which currently operates 39 sites across the UK and Middle East, said restaurant like-for-like sales were up by 7.5% in 2017. The company also reported growth in the delivery side of its business. Read more.

Quadrant Private Equity acquires Australian confectioner Darrell Lea for $160m The firm has acquired a majority stake from the Quinn family, which acquired the business in 2012 after it was placed into voluntary administration. The company makes brands such as Rocklea Road and Little Brittle. Read more.

Highlander Partners acquires Kernel Season’s from VMG Partner US-based Kernel Season's makes branded popcorn seasoning that is sold in over 22,000 retailers, as well as cinema chains in more than 30 countries. Kernel said it would benefit from Highlander's strong food industry expertise. Read more.

Abac Capital acquires Heineken’s Spanish restaurants subsidiary The private equity firm has acquired Beer & Food Grupo de Restauracion, which owns the international franchise for US restaurant chain Carl's Jr. The business also has the licenses for Gambrinus, Cervecería Cruz Blanca and Official Irish Pub. Read more.

Swiss airline Belair taken over by German investment firm SBC Belair was formerly part of the collapsed low-cost airline Air Berlin. SBC declined to say how much it had paid for the business, but added it wanted flights to resume as soon as possible. Read more.

Capital D acquires majority stake in Invincible Brands Capital D is a newly-formed private equity manager investing in mid-market companies with disruptive business models. Invincible Brands uses social media marketing techniques to develop new health, beauty and fitness products from the ground up. Read more.