Private equity firm Everstone Capital may withdraw from its involvement in PT Sari Burger Indonesia (SBI), the country’s master franchise owner Burger King.
A DealStreetAsia report revealed the firm has been speaking with banks and advisers over the course of this year about the potential move.
Everstone is currently in a partnership with Indonesian retail firm Mitra Adiperkasa, previously SBI’s sole shareholder. The firm also partners with Mitra Adiperkasa in running Domino’s Pizza in Indonesia
Source: InsideRetailAsia | 31 October 2019