Revery Food and Beverages Completes Acquisition of the Burger King® Kazakhstan Franchise Business

In March 2025, Revery completed the acquisition of Burger King® Kazakhstan franchise business, securing the exclusive franchise rights to operate the brand in the country for the next 20 years. The acquisition was made via Holten Group, a joint venture between Revery and prominent businessmen from the region, the founders of Pepsi Uzbekistan. Holten Group owns and operates Pepsi Uzbekistan, one of the most successful PepsiCo bottling franchises in Europe and Central Asia, and Baraka grocery retail chain (Uzbekistan).

The acquisition marks a significant step in Revery’s strategy to expand into the quick service restaurant (QSR) sector, complementing its existing food and beverage portfolio.

The Burger King® Kazakhstan franchise business is one of the leading players in the country’s fast-food market, with a strong brand presence and a growing customer base. Under Revery’s leadership, the business will focus on scaling its operations, enhancing efficiencies, and broadening its market presence nationally across Kazakhstan.

Hayk Sarkissian, the Founder and Executive Chairman of Revery noted:

“Revery views this acquisition as the foundation for building a multi-brand, multi-country QSR platform. By leveraging our experiences in scaling businesses across Central Asia, Revery aims to introduce best-in-class operational expertise and innovations to drive sustainable growth and enhance guest experiences in Kazakhstan. We are excited to become the custodian of such a unique and important brand. This is the first step in Revery’s QSR strategy globally.”

The transaction aligns with Revery’s strategy of combining a disciplined M&A approach with operational excellence, targeting high-growth opportunities in emerging markets and enhancing already successful brands in developed markets. With a strong track record in food and beverage investments, Revery is committed to unlocking the full potential of the Burger King® Kazakhstan franchise business and shaping the future of the region’s fast-food industry.

About Revery

Revery is an international investment firm focused on developing high-growth businesses and brands, through a disciplined M&A process and an evergreen operational strategy for each portfolio company. We achieve this through engaging strategic partnerships, developing local capabilities, initiating international expansions, providing operational expertise, and leveraging our global network. Today Revery operates in Food & Beverages, Retail and Venture Capital. To learn more about Revery, please visit reverygroup.com.

About Burger King®​

Founded in 1954, the Burger King® brand is a global fast-food hamburger chain known for food quality and value as the only place guests can get the iconic flame-grilled Whopper®️ sandwich. The Burger King system operates more than 19,000 locations in more than 120 countries and territories. Burger King is part of Restaurant Brands International Inc. (“RBI”), one of the world’s largest quick service restaurant companies with nearly $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories. RBI owns four of the world’s most prominent and iconic quick service restaurant brands – BURGER KING®, TIM HORTONS®, POPEYES®, and FIREHOUSE SUBS®. To learn more about the Burger King brand, please visit the Burger King brand website at www.bk.com or newsroom at news.bk.com, and follow us on Facebook, Twitter, Instagram and TikTok.