QSRP and Chopstix announce strategic investment partnership to expand mutual presence in the UK and European QSR markets

With this calculated investment, QSRP and Chopstix are poised to capitalise on the expanding demand for Asian cuisine and quick-service eating experiences throughout Europe. The collaboration will certainly focus on broadening the Chopstix impact, enhancing functional efficiencies, and supplying a remarkable consumer experience, setting the phase for ongoing success in the QSR sector.

QSRP has actually announced its tactical investment in Chopstix, acquiring a bulk stake in the UK’s premier Asian-inspired QSR chain. The partnership notes a substantial landmark for both companies, to speed up development and innovation for both QSRP and Chopstix throughout the UK and Europe.

Founded in 2002, Chopstix has actually rapidly expanded to turn into one of the UK’s a lot of identified Eastern QSR brand names, understood for its delicious, fast, and fresh pan-Asian cuisine. With over 150 places throughout the UK and Ireland, Chopstix provides a special and vibrant food experience that integrates top notch active ingredients with a quick-service style, accommodating the raising need for hassle-free and healthy eating options.

Sam Elia, Founder of Chopstix, added: “We are thrilled to reveal this partnership with QSRP, which thrusts us right into a brand-new stage of growth and opportunity and will certainly cement our setting as Europe’s largest Asian-led QSR brand. When we began Chopstix 20 years back, it was with one store, and with household values at its heart. It’s exactly how we have always run the business, and we eagerly anticipate driving that values additionally as we introduce Chopstix in brand-new markets, across Europe.”

Talking about the collaboration, Menashe Sadik, Founder of Chopstix, said: “We are thrilled to sign up with forces with QSRP, a companion that shares our vision and commitment to providing top quality food experiences, underpinned by functional excellence. This collaboration will certainly allow us to scale our service and to drive the Chopstix experience to new markets in Europe. We anticipate partnering with the group at QSRP and providing long-term development and success for both our companies.”

“Chopstix has actually shown exceptional development and a solid customer following in the UK market,” stated Alessandro Preda, Team CEO, QSRP. “This financial investment is a testament to our confidence in Chopstix’s possible to become a leading QSR player across Europe. Together, we will work to boost the Chopstix brand name and bring its hassle-free and delicious offerings to a larger audience. This arrangement likewise notes the entry of QSRP right into the vibrant UK market, prolongs our brand portfolio into the healthier-for-you and pan-asian food sector, and strengthens QSRP’s position as a leading player in the European fast service market broadening our recommendation of hamburger, Original French Tacos, fish and shellfish, and coffee and pastry shop. Since the first discussions with Menashe and Sam, we recognized we share the same enthusiasm and values.”

Since its beginning in 2014, QSRP has experienced sped up development, now running in 7 major countries with a varied profile of over 1,240 dining establishments, including 144 online kitchen areas. This financial investment in Chopstix straightens with QSRP’s technique to expand and expand its brand name portfolio into crucial growing QSR sections, and to reinforce its footing in the dynamic UK market.

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Jefferies International worked as sole financial consultant to Chopstix Team. KPMG LLP gave vendor assist services to the Co-Founders, with Fladgate LLP serving as lawful advisor to the business. Ernst & Youthful served as due diligence advisor to QSRP with Jones Day offering lawful suggestions.

The partnership between QSRP and Chopstix is positioned to open significant worth, leveraging QSRP’s extensive sector experience, operational abilities, and strategic sources to sustain Chopstix in its next phase of development. The investment will enable Chopstix to increase its development plans, improve its electronic and delivery abilities, and present brand-new food selection innovations to meet the advancing tastes of its clients.

“Chopstix has actually shown exceptional development and a solid consumer complying with in the UK market,” said Alessandro Preda, Team CEO, QSRP. “This investment is a testimony to our confidence in Chopstix’s prospective to become a leading QSR gamer throughout Europe. Commenting on the partnership, Menashe Sadik, Founder of Chopstix, claimed: “We are thrilled to join forces with QSRP, a companion that shares our vision and dedication to delivering premium food experiences, underpinned by operational excellence. Sam Elia, Co-Founder of Chopstix, included: “We are delighted to reveal this collaboration with QSRP, which drives us right into a brand-new phase of growth and opportunity and will seal our placement as Europe’s biggest Asian-led QSR brand.