Ibersol, the Portuguese restaurant chain that lost out to buyout firm Permira in the auction for Spanish delivery company Telepizza, is eyeing a deal to buy private equity-backed Spanish restaurant chain Grupo Zena, the other loser in the auction.

CVC Capital Partners, a UK-based buyout firm, is considering selling its stake in Zena, according to a report in Spanish business paper Expansion. Fellow shareholders Inveralia, a Spanish buyout firm, and trade investors Resturiber and Bremen could follow suit, the paper said.