The private equity binge has extended to the fast food industry with a Sydney fund backing Australian Fast Foods Pty Ltd managing director Frank Romano in a $180 million deal, buying out major shareholder Nick Tana.
The private Perth company that owns the Red Rooster and Chicken Treat brands across Australia plans extensive national growth ahead of an eventual stock market float.
AUSTRALIAN Fast Foods, the operator of the Chicken Treat fast food chain, has bought the national Red Rooster chain following Coles Myer’s decision to sell off the fast food business as part of a strategic review.
