Goldman Sachs will acquire the Japan business of Burger King from Affinity Equity.

On November 18, private equity investment firm Affinity Equity Partners announced that it has agreed to sell 100% of its ownership of the Japanese Burger King business to Goldman Sachs. The completion of this sale is subject to customary closing conditions, including approvals from regulatory agencies and franchisees. Affinity Equity stated that since acquiring the Japanese Burger King business in 2017, its revenue has grown 290 times and the number of stores has expanded to over 310, including 85 new stores added in 2025.