Harris Williams & Co. Ltd Advises Bridgepoint on its Master Franchise Agreement with Restaurant Brands International Inc. and its Acquisition of Caspian UK Group Limited

November 17, 2017

Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that it advised Bridgepoint on its agreement with Burger King Europe GmbH (BKE), an affiliate of Restaurant Brands International Inc. (RBI), to become the UK master franchisee of BURGER KING®, with exclusive rights to the brand in the UK. Harris Williams & Co. also advised on Bridgepoint’s simultaneous acquisition of Caspian UK Group Limited (Caspian), one of the UK’s largest BURGER KING® franchisees with 74 restaurants. The transactions were led by Edward Arkus, Will Bain and Faye Maughan of Harris Williams & Co.’s Consumer Group.

“Burger King is one of the largest fast food hamburger chains in the world, and the UK operation is a vital component of its success,” said Edward Arkus, a managing director at Harris Williams & Co. “We are delighted to have advised Bridgepoint on this transaction, which further enhances our long-standing track record of advising companies in the UK restaurant sector.”

Will Bain, a director in the firm’s Consumer Group added, “This represents an exciting opportunity in the sector, and with Bridgepoint’s support and backing, there is significant potential to further develop the business. We look forward to following the continued development of Burger King in the UK.”

Bridgepoint is a European private equity firm. With over €20 billion of capital raised to date, it typically focuses on acquiring well-managed companies in attractive sectors helping companies and management teams by investing in expansion, operational transformation or via consolidating acquisitions. Current investments in the food and casual dining sector include Zizzi & ASK Italian, Coco di Mama, Deliveroo and Pret A Manger.

RBI is one of the world's largest quick service restaurant companies with more than $29 billion in system-wide sales and over 23,000 restaurants in more than 100 countries and U.S. territories. RBI owns three of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING® and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 40 years.

Caspian owns and operates franchised fast food restaurants in the UK. Founded in 1993, Caspian currently employs more than 2,200 full and part time staff, serving more than 250,000 customers per week.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.