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 £20million over the next three to five years to refurbish the group’s estate and upgrade its products and training programmes.
Clearwater International advised chief executive Jens Hofma and the management team of the Pizza Hut dine-in operation, who will remain with the business.
“They have already made significant improvements to the business in the past 12 months and with Rutland Partners support they now have an ideal investor to help them fully execute their turnaround plan.”