Blackstone (BX) to Acquire N.Z.-Based Burger King Operator, Antares Restaurant Group
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The Blackstone Group (NYSE: BX) announced today that its private equity funds have agreed to acquire Antares Restaurant Group in New Zealand from Anchorage Capital Partners.
Financial terms of the transaction were not disclosed.
From the release: "Headquartered in Auckland, Antares has the exclusive franchise development rights for the Burger King brand in New Zealand and operates 75 Burger King restaurants throughout the country. Under the leadership of the current management team, the business is in the early stages of an ambitious refurbishment program while also opening new restaurants to broaden the footprint in an increasing number of local communities across New Zealand."
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Financial terms of the transaction were not disclosed.
From the release: "Headquartered in Auckland, Antares has the exclusive franchise development rights for the Burger King brand in New Zealand and operates 75 Burger King restaurants throughout the country. Under the leadership of the current management team, the business is in the early stages of an ambitious refurbishment program while also opening new restaurants to broaden the footprint in an increasing number of local communities across New Zealand."
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