Partners Group in mezzanine deal with Archer Capital’s QSRH

Partners Group is the only participant in the transaction. It has previously provided mezzanine financing to Pacific Equity Partners-backed Collins Foods, which repaid the loan following its A$201.8 million IPO in July, Australia's largest listing so far this year.

QSRH operates 620 restaurants under the Red Rooster, Oporto and Chicken Treat brands, and Archer wants to open a further 250 outlets over the next 3-5 years. The private equity firm owns 90% of QSRH, with company management controlling the remainder. Quadrant was responsible for consolidating the company into its current form, buying a 75% stake in Red Rooster and Chicken Treat in 2007 for about $180 million and acquiring Oporto for $60 million later the same year.

With an estimated market size of A$14 billion and a compound annual growth of 5.5% over the last decade, the fast food market is the most attractive segment of the dining out industry in Australia, Partners Group said in a statement.

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• Topics
• Australasia
• Mezzanine
• Expansion
• Consumer
• Australia
• Consumer
• Mezzanine
• Partners Group
• Archer Capital
• Quadrant Private Equity
• Pacific Equity Partners