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Clearwater International’s Debt Advisory team has supported the management of Pizza Hut Restaurants on completing a debt-led secondary MBO from private equity backer Rutland Partners.

Pricoa Capital Group, the international private capital investment arm of PGIM, supported the MBO with a bespoke debt structure which  will see the management team, led by CEO Jens Hofma, take control of the business with a new franchise agreement in place with Pizza Hut’s brand owner, Yum! Brands. HSBC also continue to support the business.

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