Business Services Industry

CVC tips $148m for Restaurant Brands.

Australasian Business Intelligence, June, 2005

Jun 14, 2005 (The Australian - ABIX via COMTEX)

Australian private equity group, CVC Asia Pacific, is seeking to buy New Zealand fast food franchisor, Restaurant Brands. CVC has offered $NZ160 million ($A148 million), or $NZ1.65 a share. Restaurant Brands operates Pizza Hut, KFC and Starbucks outlets in New Zealand and Pizza Hut outlets in Victoria. CVC has a fund of $US1.975 billion ($A2.6 billion) for investment, and this will be its second deal. CVC feels that Restaurant Brands has stable earnings.

Publication Date: 15 June 2005

CVC ASIA PACIFIC (AUSTRALIA) PTY LTD: 

RESTAURANT BRANDS NEW ZEALAND LIMITED:

PIZZA HUT NEW ZEALAND:

KFC:

STARBUCKS COFFEE COMPANY LIMITED

By Robert Clow

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