Divests QSR and Strengthens Portfolio

14/03/2016 News

Sucessful Divestment of Quick Service Restaurants

In June 2011, Quadrant successfully divested QSR via a sale to Archer Capital. This was the first exit for QPE No. 2 returning around 60% of the drawn capital of the fund (achieving a money multiple of approximately 3.0x and an IRR of 30%). 

QSR is one of Australia’s leading fast food operators with over 620 Red Rooster, Oporto and Chicken Treat stores across Australia, New Zealand, China, the US and the UK. Since acquisition in April 2007, QSR generated significant revenue uplift and doubled its earnings from a combination of successful growth initiatives, international expansion and significant operational improvements. During the 4 years of Quadrant ownership, the QSR store footprint grew from approximately 440 stores at the time of acquisition to over 620 stores today, including a launch of the Oporto brand in the US, China and the UK. 

The business is well positioned for further growth and we are confident that the management team will continue its successful store roll-out and broader growth initiatives over the coming years.

Writen by Global Administrator, 14/03/2016 News