Restaurant Brands takeover offer

Murray & Co advised the Independent Directors of Restaurant Brands New Zealand Limited (“RBD”) on their response to a takeover offer by its largest shareholder Finaccess Restauración, S.L.

Transaction value

$157 million (value of minorities)

Announcement date

Nov 2025

On 30 September 2025, RBD received formal notice under the Takeovers Code from Finaccess Restauración, S.L. (“Finaccess”), which owned ~75% of the shares in RBD, giving notice of Finaccess’ intention to make a full takeover offer for the shares it did not already own.

The Board of RBD formed a Committee of Independent Directors, who were responsible for the company’s response to the takeover notice. The Committee appointed Murray & Co as financial advisor.

The Independent Committee unanimously recommended RBD shareholders accept the Offer and on 25 November 2025, Finaccess’ full takeover offer closed with acceptance received above the 90% threshold for compulsory acquisition.