Sixth Street Acquires Majority Stake in Lemon Pepper Holdings (Wingstop UK)

Sixth Street has signed a definitive agreement to become the majority shareholder in Lemon Pepper Holdings, the master franchisee that operates Wingstop in the United Kingdom and Ireland. The investment will support Wingstop UK’s rapid expansion — the company operates 57 sites (expected), has created over 2,500 jobs and expects revenue in excess of £150 million this year, with a target of 200 locations within five years.