Private Equity Firm Acquires Pizza Hut Operations Outside China in $1.5 Billion Deal
LongRange Capital has agreed to acquire Pizza Hut's operations outside mainland China from Yum! Brands for approximately $1.5 billion, with an additional earnout of up to $75 million by 2030. The deal reflects a rare confidence in the struggling restaurant sector and will test LongRange’s ability to revitalize the brand.
Topics: acquisition consumer sector private equity restaurant industry