In September, our investee, Croissant Express, was sold to a Singapore based consortium backed by the former Managing Director of Hungry Jacks.
Banksia sourced the deal through its proprietary network and invested in Croissant Express in 2010. Since then Croissant Express has grown to be one of WA’s best known café style franchise chains. Banksia’s funds were used to buy-out passive shareholders and increase managements equity stake. Download the Case Study.