The owner of Burger King’s British operations has picked two banks to serve up a whopper of a London float next year.
Sky News has learnt that Bridgepoint has hired Bank of America and Investec to spearhead the fast-food giant’s initial public offering during the first half of 2022.
The precise timing and size of the deal have yet to be finalised, but City sources suggested that a flotation was now a likelier outcome than a sale to another private equity firm.
Burger King us changing its menu amid growing demand for vegetarian and vegan options
A sale remains possible depending on public market conditions at the time.
Floating will represent a bet for Burger King’s management team and stock market investors on a sustained recovery for the UK’s pandemic-hit restaurant industry.
Its chief executive, Alasdair Murdoch, warned early in the COVID-19 crisis…