Blackstone Group buys owner of Burger King in NZ

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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TRU - Results Guidance FY2026
TRU - Results Guidance FY2026
MEE - Me Today announces six-month results to 31 December 2025
HGH - Heartland announces 1H2026 result
BRW - FY26 Half Year Results Announcement
February 25th Morning Report
Genesis completes NZ$100m Placement
MCY - Invests heavily in renewables; delivers strong performance
PFI Announces Interim Results
February 24th Morning Report