Americans negotiating the purchase of Quick

Americans negotiating the purchase of Quick

Qualium, the treasury branch of the French Deposits and Consignments Fund, has put the Quick chain back on sale, L’Echo reported on Wednesday. They tried to sell it five years ago. A handful of American candidates have expressed an interest. Two banks have been chosen to conduct the negotiations, Goldman Sachs and Rothschild. The price is said to have been fixed at around 800 million euros, 10% more than CDC paid when it bought Quick off of Albert Frère in 2007.

The Quick group’s turnover is around a billion euros. It has 498 restaurants, and employs 19,000 people. At 800 million, the buyer would pay 8 times the EBITDA. 

(Source: Belga)

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