Burger King France to Sell Quick Restaurants to H.I.G. Capital

Burger King France agreed to sell a group of fast-food outlets operating under the Quick brand to H.I.G. Capital for 240 million euros ($285 million), giving the restaurant operator cash to pay down its debt after lockdown restrictions curbed earnings.

The proceeds will be used to repay an 80-million-euro loan that Burger King France obtained in June 2020 with a guarantee from the French state, according to a statement late Friday. The company put the Quick restaurants up for sale in May.

Burger King France is majority owned by Groupe Bertrand, a restaurant company owned by Olivier Bertrand ...