EBRD, Goldman Sachs and Credit Suisse completed the acquisition of a minority stake in TAB Food for $150m.

The European Bank for Reconstruction and Development, Goldman Sachs and Credit Suisse completed the acquisition of a minority stake in TAB Food Investments, a quick-service restaurant operator in Turkey and China, for $150m. “We are very proud to have received this important round of financing from three global investors. We believe this investment will facilitate our next stage of development. Our mission has always been to provide affordable dining and leisure experiences to our millions of customers in two countries whilst observing the highest standards in operational quality. This investment will help us reinforce this mission and expand our consumer base globally. The backing of these global institutions will also help us prepare for the public markets in the next few years,” Korhan Kurdoglu, TAB President and Vice Chairman of the Board of Directors.