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Burger King sold for $30m to Tahua Capital leaving banks out of pocket


The franchise was owned by Antares Restaurant Group, which was bought by United States private equity firm
Blackstone Group under the name of Tango Holdings in 2011 for $108m.
Blackstone Group tried to sell the business in 2019 but was unable to find a suitable buyer.
ROBERT KITCHIN/Stuff
Burger King has been sold for $30.5m million, leaving secured creditors out of pocket.
A compromise deal with reached with Burger King’s secured creditors, allowing the company to continue trading.
However, five Burger King restaurants – Lambton Quay, Courtenay Place in Wellington, and Queen St, Takapuna and West City in Auckland – closed as part of the deal. ....

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$120m BVI debt triggers Emerald Foods sale


Sale to Hart company Walter & Wild ends two week receivership.
After a brief tenure, David Ruscoe and Malcolm Moore of Grant Thornton have resigned as receivers of Emerald Foods Group shares just two weeks after their appointment.
Emerald Foods Group (NZ), an ice cream company whose brands include New Zealand Natural and Killinchy Gold was sold to NBR Rich Lister Graeme and Harry Hart’s Walter & Wild food group this week, with the transfer recorded by the Companies Office on April 14, the day after receivers resigned.
The transaction followed the appointment of receivers on March 29.
According to the final receivers’ report, the receivership was triggered by British Virgin Islands ....

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