Street Talk

Quadrant’s restaurant empire reviews leases in bid to cut losses

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 23, 2023 – 9.34pm

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Quadrant Private Equity’s Pacific Hunter hospitality empire has launched a portfolio review as management attempts to weed out loss-making leases.

Sources said the focus of the review would be at Pacific Concepts, the part of the business that owns casual dining venues such as Fratelli Fresh, El Camino Cantina, The Bavarian, Munich Brahaus, Bar Patron and The Argyle. The related Hunter Street Hospitality is the operator of Rockpool Bar & Grill, Spice Temple, Rosetta Ristorante, Sake Restaurant & Bar and Alice.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.