As a stakeholder in Burger King UK, British private equity investor Bridgepoint is reportedly planning for the restaurant chain’s London Stock Exchange (LSE) listing for approximately $819m (£600m).
Bridgepoint is said to be holding talks with advisers for the LSE listing.
The restaurant chain posted a significant sales increase of £117m last year, up from £101m a year earlier.
Bridgepoint has held a stake in the Burger King UK estate since 2017 and owns a portfolio of 66 restaurants.
The latest move comes at a time when other restaurant companies in the UK are planning to make a debut and capitalise on reduced competition in the post-Covid-19 pandemic market.
However, Burger King did not immediately respond to requests for comment on this matter.
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By GlobalDataBritish newspaper The Sunday Times reported that Burger King UK is also in talks with institutional stockbroker Numis and financial services company Investec.
In July, Bridgepoint, which owns nearly 80% of Burger King’s UK estate, reportedly announced plans to divest the operations next year.
Additionally, in May, Burger King opened its first UK delivery-only kitchen in London by partnering with delivery kitchen business FoodStars, which is backed by former Uber CEO Travis Kalanick.
The chain entered this segment amid an increase in demand for home deliveries, which soared during the coronavirus pandemic.
Established in Kentish Town, north London, Burger King said that its new venture has the potential to reach more than 400,000 customers in the region.