Burger King UK lands new backing from buyout firm Bridgepoint

The backstage equity backer of Burger King UK has injected millions of pounds of caller backing arsenic portion of a woody which paves the mode for their concern to beryllium extended into the 2040s.

Sky News understands that Bridgepoint has invested a further £15m into the accelerated nutrient elephantine successful caller days, with a further sum - thought to beryllium up to £20m - to beryllium deployed implicit the adjacent 18 months.

The caller backing has been committed arsenic Burger King UK's Master Franchise Agreement with a subsidiary of Restaurant Brands International has been extended to 2044 successful a woody which is said to align the interests of its assorted fiscal stakeholders much closely.

Burger King's British operations comprise astir 575 outlets, and employment astir 12,000 people.

In results released this week, Burger King UK said it had delivered a "solid performance...amid assemblage headwinds" successful 2024.

Revenue accrued by 7% to £408.3m, with underlying net earlier interest, tax, depreciation and amortisation up 12% to £26m.

The institution besides said it had completed a refinancing process, with the maturity of its slope facilities pushed retired to March 2028.

Under the enactment of Alasdair Murdoch, its long-serving main executive, Burger King plans to unfastened astir 30 caller sites adjacent year.

It comes astatine a challenging clip for the UK hospitality sector, with casual eating chains TGI Fridays and Leon some filing to name administrators successful the past fewer days.

Industry bosses accidental that past month's Budget has piled caller outgo pressures connected them.

Bridgepoint declined to remark connected the injection of caller superior into Burger King UK.