Everstone may quit Burger King Indonesia stake

Private equity firm Everstone Capital may withdraw from its involvement in Sari Burger Indonesia (SBI), the country’s master franchise owner of Burger King.

A DealStreetAsia report revealed the firm has been speaking with banks and advisers over the course of this year about the potential move.

Everstone is currently in a partnership with Indonesian retail firm Mitra Adiperkasa, previously SBI’s sole shareholder. The firm also partners with Mitra Adiperkasa in running Domino’s Pizza in Indonesia.

Everstone may have difficulties finding a buyer in the territory given tight competition in the industry, according to an opinion published in Nikkei.