EBRD, Goldman Sachs and Credit Suisse invest $150m in TFI

The investment comes as part of a $150m preferred stock issuance by the company, which operates 1,500 restaurants in Turkey and China, and holds the exclusive rights to operate Burger King in those countries.

Alongside the EBRD, Goldman Sachs and Credit Suisse invested $80m and $20m respectively.

TFI raised the funding for the purpose of financing future growth plans. The private placement was run exclusively by Credit Suisse.

The EBRD's focus for the investment in TFI will include improvements to corporate governance and sustainability standards, as well as vocational training for young Turks.

Company
Tab Food Investments is an investment company operating a series of fast food brands across Turkey and China. Founded in 2013, the group's brands include Burger King, Sbarro, Popeyes, Usta Donerci, and Arby's.

TFI is headquartered in Istanbul and employs a staff of 20,000.

People
EBRD – Claudia Pendred (director).

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• Topics
• Expansion
• CEE
• Consumer
• Turkey
• EBRD
• Credit Suisse
• Goldman Sachs