Bridgepoint Group PLC (BPT)

ORD GBP0.00005

Sell: 233.40p|Buy: 233.80p|Change: 2.20 (-0.93%)

This share can be held in a Dealing account Stocks and shares ISA Lifetime ISA JISA SIPPand can be used with Regular investment and Dividend reinvestment

PRESS: Bridgepoint to plough up to GBP35 million into Burger King UK

(Alliance News) - Bridgepoint Group PLC has injected millions of pounds of new funding into Burger King UK as part of a new funding deal, Sky News reported on Thursday.

The FTSE 250-listed fund management company that invests in private equity, infrastructure, and private credit has invested a further GBP15 million into the fast food giant in recent days, with a further sum - thought to be up to GBP20 million - to be deployed over the next 18 months, Sky said.

The new funding has been committed as Burger King UK's Master Franchise Agreement with a subsidiary of Restaurant Brands International has been extended to 2044 in a deal which is said to align the interests of its various financial stakeholders more closely, Sky said.

Bridgepoint declined to comment on the injection of new capital, Sky said.

Burger King UK, which released results this week, plans to open roughly 30 new sites next year.

Burger King's British operations comprise roughly 575 outlets, and employ around 12,000 people.

Shares in Bridgepoint were down 0.1% at 279.00 pence in London early Thursday afternoon.

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and AJ Bell Asset Management Limited (company number 09742568) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.