Triton Pacific Affiliate Tasty Chick'n Acquires 64-Unit KFC Portfolio

Tasty Chick'n (Triton Pacific Affiliate) Acquires Portfolio of 90 Franchised KFC and KFC/Taco Bell Restaurants

January 18, 2022

Restaurants & Hospitality

Triton Pacific Capital Partners' portfolio company, Tasty Chick'n, LLC, acquired a portfolio of 90 franchised KFC restaurants across eight U.S. states, including 15 co-branded KFC/Taco Bell locations. The transaction expands Tasty Chick'n's quick-service footprint and serves as an add-on to the firm's restaurant platform managed by Tasty Restaurant Group.

Triton Pacific Affiliate (Tasty Restaurant Group) Acquires 117 Pizza Hut Restaurants from Rage, Inc.

December 17, 2019

Restaurants & Hospitality

An affiliate of Los Angeles-based private equity firm Triton Pacific completed the acquisition of 117 Pizza Hut restaurants (114 operating, 3 under development) and select real estate assets for about $80 million. The deal — executed by Triton Pacific’s operating platform Tasty Restaurant Group — expands the firm’s quick-service restaurant portfolio across Illinois, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia and was a buy of assets from Rage, Inc.

Tasty Hut (Triton Pacific Affiliate) Acquires 27 Pizza Hut Restaurants

June 30, 2022

Restaurants & Hospitality

Tasty Hut, LLC, a portfolio company of Tasty Brands, LP (an affiliate of Triton Pacific), acquired a portfolio of 27 franchised Pizza Hut restaurants across West Virginia, Kentucky, Ohio and Virginia for an aggregate purchase price of $8.7 million. The deal — which closed June 15, 2022 — is an add-on to Tasty Hut's existing Pizza Hut footprint and expands the platform's presence in the Appalachian region.

Tasty Restaurant Group (Tasty Hut) Acquires 37 Pizza Hut Locations

November 20, 2020

Restaurants & Hospitality

Tasty Restaurant Group, through its affiliate Tasty Hut and backed by Los Angeles-based private equity firm Triton Pacific, acquired 37 franchised Pizza Hut restaurants (34 in Northern Virginia and 3 in West Virginia). The deal expands Tasty Hut’s existing Pizza Hut portfolio and is intended to increase regional market share and operational economies of scale.

Carlyle Acquires KFC Holdings Japan

July 10, 2024

Restaurants & Hospitality

Global investment firm Carlyle has completed a tender offer to acquire 100% of KFC Holdings Japan, taking the company private by late September 2024. Carlyle plans to partner with Yum! Brands and KFC Japan management to accelerate store openings, pursue menu enhancements, and invest in digital innovation to drive growth.

Value Foodservice Acquires 11 KFC Restaurants

December 11, 2024

Restaurants & Hospitality

Value Foodservice LLC (VFS), backed by BlackBern Partners LLC, has acquired 11 Kentucky Fried Chicken restaurants in Kentucky and Tennessee—mostly in the greater Nashville area—bringing VFS's total KFC count to 59 locations nationwide. The deal is an add-on acquisition for the PE-backed VFS platform as it continues geographic expansion and consolidation in the quick-service restaurant market.