M&A Deal Summary

The Blackstone Group Acquires Antares Restaurant Group

On October 17, 2011, private equity firm The Blackstone Group acquired restaurant Antares Restaurant Group from Anchorage Capital Partners for 127M USD

Acquisition Highlights
  • This is The Blackstone Group’s 3rd transaction in the Restaurants sector.
  • This is The Blackstone Group’s 153rd largest (disclosed) transaction.
  • This is The Blackstone Group’s 1st transaction in New Zealand.
Investment Fate
  • Antares Restaurant Group went bankrupt in 2020.

M&A Deal Summary
Date 2011-10-17
Target Antares Restaurant Group
Sector Restaurants
Buyer(s) The Blackstone Group
Sellers(s) Anchorage Capital Partners
Deal Type Secondary Buyout
Deal Value 127M USD
Advisor(s) Rippledot Capital Advisers Pte. Ltd. (Financial)

Target

Antares Restaurant Group

Auckland, New Zealand
website
Antares Restaurant Group is the exclusive franchisee of Burger King in New Zealand with 75 owned and operated restaurants located throughout the country. Antares Restaurant Group was formed in 1954 and is based in Auckland.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 154 of 320
Sector (Restaurants) 3 of 4
Type (Secondary Buyout) 20 of 73
Country (New Zealand) 1 of 2
Year (2011) 9 of 10
Size (of disclosed) 153 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-08 Graham Packaging

York, Pennsylvania, United States

Graham Packaging engages in the design, manufacture, and sale of customized blow-molded plastic containers for many of the world's largest branded consumer product companies for whom customized packaging design is a critical component in their efforts to differentiate their products to consumers. The company's products are made primarily from HDPE and PET resins for customers in the branded automotive, food & beverage, and household & personal care businesses.

Sell $4.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-19 Leica

Solms, Germany

Leica is an international manufacturer of premium cameras and sport optics products. The legendary status of the Leica brand is based on a long tradition of excellence in the production of lenses. In combination with innovative technologies, Leica products continue to this day to guarantee superior image quality and visual perception. Leica was founded in 1913 and is based in Solms, Germany.

Buy -

Seller(S) 1

SELLER

Anchorage Capital Partners

Sydney, Australia

Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2008
PE ASSETS 810M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.

DEAL STATS #
Overall 2 of 15
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 1 of 5
Country (New Zealand) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-28 Total Eden Pty

Airport West, Australia

Total Eden Pty Ltd. is a retailer of sustainable water solutions and has specialist capabilities in the design, construction and operation of end to end water systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-08 Contech Engineered Solutions

West Chester, Ohio, United States

Contech Engineered Solutions is a provider of engineering and site solutions for the residential, commercial and infrastructure markets. The company's primary end markets are the US infrastructure, commercial and residential construction markets. Contech Engineered Solutions was formed in 1986 and is based in West Chester, Ohio.

Buy -
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