EG Group has agreed to sell its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands, aiming to strengthen its financial position and support ongoing growth initiatives.
Target Overview
EG Group has officially announced a definitive agreement to divest all 218 KFC franchise restaurants across the UK and Ireland to Yum! Brands’ KFC Division. As the largest KFC franchisee in these regions, this move marks a significant milestone in EG Group's ongoing initiatives to streamline its operations and enhance its financial structure.
The company plans to finalize the transaction in the first half of 2024, with the proceeds allocated primarily for debt repayment. This strategic divestment aligns with EG Group's long-term goal of achieving a more sustainable capital structure while maintaining operations in multiple countries, including the USA, Australia, and several European nations.
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Industry Overview
The quick-service restaurant (QSR) industry in the UK and Ireland is a vibrant sector characterized by strong competition and a diverse range of offerings. Major players such as KFC, McDonald's, and Burger King dominate the market,
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Yum! Brands’ KFC Division
invested in
218 KFC franchise restaurants
in 2024
in a Other Private Equity deal