Street Talk
Quadrant dips into Fortitude’s $300m-plus commercial food biz
Quadrant Private Equity is betting on a Sydney business whose flavour merchants are behind some of the biggest fast-food businesses in the country.
Street Talk can reveal Birch & Waite, which works with the likes of Guzman y Gomez and HelloFresh to level up their condiment game and keep customers coming back for smokey chipotle burritos and penne alla vodka, has agreed terms that will see the storied buyout firm put growth equity into the 30-year-old commercial food business.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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