TDR Capital takes controlling stake in Popeyes UK
The fast food brand also announced plans to open 30 more locations.
TDR Capital has increased its shareholding in Popeyes UK taking effective control from dual investor Ring International Holdings who will remain invested on a minority basis.
Popeyes currently operates from 38 locations across the UK and has plans to open over 30 new locations in 2024 after seeing exceptional growth over the last three years.
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“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 Mitchell, Managing Partner at TDR Capital said.
“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,” Tom Crowley, CEO of Popeyes UK said.
