Thursday, September 15, 2011

#Flash* Ekuinas investing RM98.3m in Burger King, San Francisco Coffee

KUALA LUMPUR:'' Ekuiti Nasional Berhad (Ekuinas) is investing a total of RM98.3 million into the Burger King and San Francisco Coffee franchises, marking its entry into the fast growing consumer food and beverage sector.

The government-linked private equity fund management company announced on Thursday, Sept 15 that it would be investing RM68.2 million into the local franchise of Burger King, which involves a capital injection of RM60 million into Malaysian franchisee Cosmo Restaurants Sdh Bhd.

Ekuinas also announced it was acquiring a 90% equity stake in Lyndarahim Ventures Sdn Bhd, which is the owner and operator of San Francisco Coffee, for a total investment of RM17.5 million out of which RM14.5 million will be injected as new capital into the company.

The two investments will see Ekuinas aggressively expanding the Malaysian operations of Burger King and transforming the operations of San Francisco Coffee.

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