Affinity Equity offering Burger King Korea, Japan operations for sale
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
According to multiple sources from the investment bank industry on Tuesday, the private equity firm’s sales advisor Goldman Sachs will send out investment letters to potential buyers this week to invite bidders for full ownership in Burger King Korea and Japan.
Affinity Equity Partners bought full control over Burger King Korea in 2016 and over Japan’s in 2017. The firm has since expanded the number of outlets and promoted online marketing to add more than 100 stores in Korea and 50 in Japan.
As of January, there are 440 Burger King stores in Korea, outnumbering 403 McDonald’s outlets in Korea. Japan has 150 stores.
Last year, Burger King Korea raised 680 billion won in sales and 80 billion won in earnings before interest, taxes, depreciation, and amortization (EBITDA). Business in Japan also turned around last year.
Burger King Korea’s adjusted EBITDA is anticipated to reach 100 billion won this year on store expansion and sales channel diversification.
The value of the two operations is estimated to top 1 trillion won, which is 15 times its EBITDA last year.
Whether there would be a buyer out to buy the two operations however remains doubtful and a separate bidding may be more likely, bank sources observed.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- SillaJen shown out the door, unsettling shareholders from Kosdaq delisting - Pulse by Maeil Business News Korea
- Seoul delivers $80 mn fine on freight rate collusion in Southeast Asia sea route - Pulse by Maeil Business News Korea
- Korea’s auto output, domestics sales fall, exports value rise in double digits in 2021 - Pulse by Maeil Business News Korea
- Samsung Elec releases mobile processor from 4nm in collabo with AMD - Pulse by Maeil Business News Korea
- Hyundai Motor advised to put off entry to used car market - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- HBM 경쟁, SK 1라운드 ‘勝’…삼성 2라운드 ‘선빵’ [맞수맞짱]
- “결혼 전제로 열애”…에일리 연인은 ‘솔로지옥’ 최시훈이었다[공식입장] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이