Hamburger chain Quick seeks new owner

Hamburger chain Quick seeks new owner

Investment fund Qualium is looking for an interested buyer for its fast food chain Quick. It has already asked business banks Goldman Sachs and Rothschild to guide the sale of its Belgian chain of hamburger restaurants.

Asking price: 800 million euro

Five different parties are apparently interested in the chain, mainly investment funds, who have already looked into Quick's financials as well. It may even be the case that Burger King buys the Belgian chain, which would give it an instant access to the Belgian market.

 

Quick currently has 498 restaurants: 379 in France and 99 in Belgium, with 80 % of those run by franchisees. Its 2014 turnover reached 1.03 billion euro.

 

Owner Qualium, Quick's majority shareholder since 2006, is part of the French state holding Caisse des D├ępots et Consignations. Back then, it purchased a 94 % stake for 730 million, while management controls the remaining 6 %.

 

It is not the first time Quick has been put for sale. Five years ago, interested parties stumbled over the 1 billion euro asking price. This time around, the owner seeks payment of some 800 million euro.

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