17 Oct 2011

US group purchases Burger King

6:50 pm on 17 October 2011

US private equity group Blackstone Group has bought fast food chain Burger King for an undisclosed sum.

Burger King was owned by Australian private equity firm Anchorage Capital Partners, which itself bought the burger business two years ago.

Senior managing director at Blackstone, Peter Rose, says the private equity group was impressed by the quality of people it met and says it is getting a world-class management team with its purchase, something that is crucial to any retail personal service business.

He says he sees growth for Buger King both inside and outside New Zealand.