Rutland Partners has acquired the share capital of Pizza Hut UK Ltd, the company which owns 330 dine in restaurants and will operate them under a franchise agreement from Yum!
Rutland is also committing £20m over the next three to five years to refurbish the group’s estate and upgrade its products and training programmes. Clearwater advised managing director Jens Hofma and the management team of the Pizza Hut Dine-In operation who will remain with the business.
Partner Marc Gillespie, led the deal team for Clearwater, supported by assistant director, Paddy Bamford. Marc Gillespie said: “Jens and his team have a clear strategy for returning one of the best known consumer brands back to be the leading casual dining business in the UK. They have already made significant improvements to the business in the last 12 months and with Rutland Partners support they now have an ideal investor to help them fully execute their turnaround plan.”