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.”
Unusual opportunity to acquire this national and well established, full service Mechanical & Electrical consulting engineering company. Offers invited.
LEASEHOLD
Works with a network of reliable hauliers to provide comprehensive and reliable logistics solutions on a national basis. Offers invited.
RELOCATABLE
Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.
LEASEHOLD
|
23
|
|
May
|
Fintech company Loot collapses into administration | ADMINISTRATION
After failing to secure further backing from the Royal Bank ...
|
22
|
|
May
|
Spike in M&A activity in the education sector | BUSINESS SALE
In recent months, the education sector in the UK has witness...
|
22
|
|
May
|
Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION
Celebrity chef Jamie Oliver, who shot to fame after campaign...
Sign up to receive our acquisition alert emails to get your FREE guide
|
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...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources