Brahim's, Quantum Angel invest RM95m in Burger King franchise
Published on: Friday, November 28, 2014
KUALA LUMPUR: Brahim's Holdings Bhd via its subsidiary Brahim's Trading Sdn Bhd and Quantum Angel Sdn Bhd have undertaken an investment of RM95 million in the Malaysian and Singaporean franchise of Burger King. The investment in the Burger King brand in Malaysia and Singapore involves the acquisition of the entire 100 per cent equity interest in Rancak Selera Sdn Bhd, an investment holding company of Ekuiti Nasional Bhd. "A special purpose vehicle (SPV) would be incorporated post-acquisition of Rancak Selera whereby Brahim's would hold 80 per cent equity interest in the SPV while Quantum Angel will hold the remaining 20 per cent," Brahim's said in a statement. ADVERTISEMENT The company added that it would subsequently seek a strategic co-investor to take up between 30 per cent and 40 per cent new equity stake. Rancak Selera is the holding company for Cosmo Restaurants Sdn Bhd and Burger King Singapore Pte Ltd, which hold franchise rights of the Burger King brand in Malaysia and Singapore, respectively.Stay up-to-date by following Daily Express’s Telegram channel.
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"We are confident the business will grow following our association with Burger King for the past 15 years through our KLIA Burger King outlet."This also coupled with the expertise of Quantum Angel which is led by Datuk Ahmad Zaki Zahid, who has extensive experience in the QSR sector," said Brahim's Executive Chairman Datuk Seri Ibrahim Ahmad. – Bernama