Register to get 5 free articles
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Private equity firm TDR Capital has secured a majority stake in Popeyes UK following a subsequent investment.
The news comes after TDR made a £50m investment in Popeyes last year and has since raised its ownership to effectively overtake dual partner Ring International Holdings, who hold a minor stake.
The group stated that since its initial investment, the business has performed “very well and expanded significantly”.
As a result, Popeyes, which currently operates 38 locations across the UK, has plans to open over 30 further sites this year.
Tom Mitchell, managing partner at TDR Capital, said: “Popeyes UK is performing very well and already demonstrating significant growth potential. We are therefore pleased to be increasing our investment in the brand and the UK team which is in line with our broader strategic ambitions in the sector.”
Tom Crowley, CEO of Popeyes UK, added: “TDR Capital has demonstrated already why it is one of the leading private equity investors and we are thrilled to be working more closely with them as we roll out the Popeyes brand. We thank Ring International Holdings for all its support and investment during the start up phase of our business.”
