VIG set for 2.5x return as Affinity agrees to buy Burger King Korea
VIG Partners – formerly known as Vogo Investment – has agreed to sell the Burger King master franchise for Korea to Affinity Equity Partners, securing an approximately 2.5x return on its investment.
The private equity firm bought Burger King for KRW110 billion ($89 million), including debt, from domestic conglomerate Doosan Group in late 2012. Affinity will pay KRW210 billion for a 100% interest in...
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