Archer Capital buys fast-food chains from Quadrant

It is Archer Capital's third major investment in the past six weeks, taking its total spending to more than $1 billion, the Australian reported.

The private equity group will own 90% of QSRH, with management taking the remaining 10%. QSRH has 620 outlets across its three brands and Peter Gold, a partner at Archer Capital, said the plan was to open a further 250 restaurants over the next three to five years. Although the company has expanded overseas, domestic growth will remain its primary focus.

Chris Hadley, managing director of Quadrant, said the company had done well from the sale. It bought a 75% stake in Red Rooster and Chicken Treat in 2007 for about $180 million, before taking over Oporto for $60 million later the same year.

Last week, Archer Capital sealed the $240 million acquisition of Healthe Care, Australia's third-largest hospital group.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Australasia
• Buyouts
• Consumer
• Squadron Capital Advisors
• Archer Capital