Pizza Hut restaurants MBO completed

Mon, 23 Apr 2018 | MBO/MBI

A management buyout of the Pizza Hut restaurant chain has been completed in a deal thought to be worth as much as GBP100m.

The deal involved backing by PGIM’s capital investment business Pricoa Capital Group.

CEO Jens Hofma, who joined Pizza Hut restaurants in 2009, will now take control of the firm alongside the rest of the management team, following the MBO. He stated: “As we take control of the next stage, our mission remains unchanged: to be the most loved place to eat and work.”

Previous owners, Rutland Partners, bought the chain in 2012 and turned the business around thanks to a GBP60m investment. Following the investment, the chain has reported “consistent sales growth” and now claims it is the top casual dining chain in the UK based on footfall.

Rutland Partners welcomed the takeover, stating: "Post-completion of the sale, Pizza Hut Restaurants will be owned and run by its current management team with financial support from Pricoa Capital Group. As part of the financing, management will become majority shareholders and Rutland will retain an investment."

Hofma added: "Five years ago, we began an incredible journey and we’re now experiencing the true extent of the positive impact Rutland’s Partners’ investment and guidance has made to the business. Our focus has been on our three most important assets: our people, our Huts and our menu. Our investment and strategy in those areas has helped us to revitalise our estate and cement our status in the UK’s fast-casual dining market.”


Share this article



Latest Businesses for Sale

Authentic Sardinian Restaurant
Stoke Newington, North London, London, South East, UK

Il Bacio Express, an authentic Sardinian restaurant which was established by our client in 2000. Our client is now looking forward to moving back to Sardinia. Il Bacio Express opened in 2000 as a pizza and pasta café. Since then the business has grow...

Asking Price: £345,000
Turnover: £464,228

LEASEHOLD


Nationwide Loss Adjuster
UK Wide

Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.

Asking Price: Offers Invited
Turnover: £327,000

FREEHOLD


Gas Leakage Repair Solutions & Pipeline Corrosion Protection
UK Wide

Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
20
 
Feb
 

Electronics specialist Maplin searches for buyer | BUSINESS SALE

Electronics retailer Maplin is reportedly in crisis talks wi...

 
01
 
Jul
 

Buyer interest invited for turkey seller Bernard Matthews | BUSINESS SALE

Turkey producer Bernard Matthews has been placed on the mark...

 
10
 
Mar
 

AFI Group boosts training services with acquisition | BUSINESS SALE

AFI Group has boosted its training services with the acquisi...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources