A host of firms including Olswang, Weil Gotshal & Manges have won advisory work as Burger King France owner Groupe Bertrand negotiates to acquire Belgian hamburger chain Quick.
The proposed deal would see Groupe Bertrand acquire Quick’s 509 restaurants and rebrand the French outlets as Burger King, to make Group Bertrand the second biggest fast food restaurant group in country behind McDonalds, with €1bn of system sales after the transaction.
Olswang France is advising Groupe Bertrand, the majority stakeholder in Burger King with a team led by corporate partner Christophe Gaschin, with support from partner Jessica Schinkel. Other partners working on the transaction include tax partner Julien Monsenego, IP partner Clara Steinitz and Brussels managing partner Dirk Van Liedekerke, who is advising on competition issues.
Weil Gotshal are working with Qualium Investissement, which is the majority stakeholder in Quick.
White & Case, with a team led by partners Colin Chang and Samir Berla, is advising on the bond financing aspects of the transactions, as is Kirkland & Ellis. Paris based Opléo Avocats is advising Quick’s management team.
The acquisition could close by the end of the year and is subject to the approval of regulators and bondholders, as well as consultation with employee representative bodies.
victoria.young@legalease.co.uk