Bridgepoint Group PLC has injected millions of pounds of new funding into Burger King UK as part of a new funding deal, Sky News reported on Thursday.
The FTSE 250-listed fund management company that invests in private equity, infrastructure, and private credit has invested a further £15 million into the fast food giant in recent days, with a further sum - thought to be up to £20 million - to be deployed over the next 18 months, Sky said.
The new funding has been committed as Burger King UK’s Master Franchise Agreement with a subsidiary of Restaurant Brands International has been extended to 2044 in a deal which is said to align the interests of its various financial stakeholders more closely, Sky said.
Bridgepoint declined to comment on the injection of new capital, Sky said.
Burger King UK, which released results this week, plans to open roughly 30 new sites next year.
Burger King’s British operations comprise roughly 575 outlets, and employ around 12,000 people.
Shares in Bridgepoint were down 0.1% at 279.00 pence in London early Thursday afternoon.
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