An affiliate of global alternative investment firm HIG Capital (HIG) has entered into a definitive agreement to acquire Quick Restaurants (Quick) from Burger King France.

The transaction is expected to be completed before the end of the year, following regulatory approval.

Established in 1971, Quick is one of the leading burger fast food chains. Present in France since 1980, Quick serves more than 36 million meals per year from a network of 107 restaurants.

Olivier Boyadjian, Managing Director at HIG Capital, says: “HIG’s investment will support Quick’s management team in its transition to an independent company and further accelerate its expansion with an objective of doubling the size of its network in the coming years.”

Read more/Source: Private Equity Wire