Deals
Goldman, Credit Suisse Buy Stake in Turkish Burger King Operator
- European Bank for Reconstruction & Development also invested
- Investors bought a 9.9% stake in TFI TAB Gida for $150 million
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Goldman Sachs Group Inc., Credit Suisse Group AG and the European Bank for Reconstruction & Development invested $150 million in the Turkish company that controls the biggest international Burger King franchise.
The trio of investors bought in new shares in restaurant operator and food producer TFI TAB Gida Yatirimlari AS, the company’s Chief Financial Officer Ekrem Ozer said in an interview. The company will invest the proceeds into new restaurants, it said in a statement Monday.