Login
Fast deal on fast food
A company operating more than 600 Red Rooster, Oporto and Chicken Treat stores nationwide has been sold under advice from Minter Ellison's private equity practice.The fast food proprietary…
Lawyers Weekly
A company operating more than 600 Red Rooster, Oporto and Chicken Treat stores nationwide has been sold under advice from Minter Ellison's private equity practice.
Quadrant acquired a majority stake in QSR in 2007 and helped the group grow the company from 450 to 620 stores.
Minter Ellison's private equity partner, Callen O'Brien, and the firm's special counsel in private equity, Oliver White, advised on all aspects of the sale.
"Quadrant initially considered a dual track sale process but decided to proceed with a trade sale to Archer in light of the market volatility," said O'Brien.
Archer Capital was advised by Freehills lead partner Damien Hazard.
The sale was one of a number of transactions closed by Minter Ellison's private equity group in recent weeks. Others included the acquisition of Tegel Foods by Affinity Equity Partners and the sales of National Credit Management by Equity Partners and Marstel by Propel Investments.
Head of Minter Ellison's private equity practice, Martin Bennett, said the firm was "seeing more private equity activity than it has for some time".
