Monday 17th October 2011 |
Text too small? |
The owner of quick service restaurant chain Burger King has been sold by one foreign private equity firm to another.
Blackstone Group said it has purchased Antares Restaurant Group from Anchorage Capital Partners for an undisclosed sum so it can expand the Burger King presence in this region.
Antares has the exclusive franchise to develop the Burger King brand in New Zealand where it already operates 75 restaurants.
Anchorage, a specialist private equity firm, purchased the business in 2009, from the owners and founders Dennis Jones and Mark Backhaus. It was acquired in partnership with the management team. At the time it had revenues in excess of $150 million a year.
Goldman Sachs advised Blackstone and Rippledot Capital Advisers acted for Anchorage.
(BusinessDesk)
BusinessDesk.co.nz
No comments yet
AIA - June 2025 Monthly traffic update
CHI - Q2 2025 Operational Update
July 15th Morning Report
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report