Quadrant backed Quick Services Restaurants Pty Limited (the owner of Red Rooster and Chicken Treat) has acquired the Oporto Portuguese Chicken and Burger Chain for $60 million. The acquisition will increase store distribution to 540 outlets, comprising more than 300 company stores and 240 franchise outlets across the Red Rooster, Chicken Treat and Oporto network in Australia and New Zealand.
The expanded group will now serve approximately 60 million customers visits per annum and employ more than 14,000 staff throughout its company and franchise network.
A comprehensive three brand store roll out program in underway with over 50 new stores scheduled to open within the next 12 months.
The acquisition of Oporto increases the enterprise value of Quick Service Restaurants to $240 million with Quadrant Private Equity Fund No. 2 committing $90 million to the group.
Writen by Global Administrator, 14/03/2016 News