M&A Deal Summary

RBI Acquires Popeyes Louisiana Kitchen

On February 21, 2017, RBI acquired restaurants company Popeyes Louisiana Kitchen for 1.8B USD

Acquisition Highlights
  • This is RBI’s 3rd transaction in the Restaurants sector.
  • This is RBI’s largest (disclosed) transaction.
  • This is RBI’s 2nd transaction in the United States.
  • This is RBI’s 1st transaction in Georgia.

M&A Deal Summary

Date 2017-02-21
Target Popeyes Louisiana Kitchen
Sector Restaurants
Buyer(s) RBI
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) UBS Investment Bank
Genesis Capital LLC (Financial)
King & Spalding LLP (Legal)

Target

Popeyes Louisiana Kitchen

Atlanta, Georgia, United States
website
Popeyes Louisiana Kitchen, Inc. is a developer, operator and franchiser of quick-service restaurants ("QSRs" or "restaurants") under the trade name, Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits.

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Buyer(S) 1

Buyer

RBI

Toronto, Ontario, Canada

website


Category Company
Founded 1954
SectorRestaurants
Employees5,200
Revenue 5.0B USD (2020)
DESCRIPTION

RBI is the parent company of the Tim Hortons and Burger King restaurant chains. RBI was founded in 1954 and is based in Toronto, Canada.


DEAL STATS #
Overall 3 of 4
Sector (Restaurants) 3 of 4
Type (Add-on Acquisition) 1 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-26 Burger King Worldwide

Miami, Florida, United States

Burger King is a global chain of hamburger fast food restaurants headquartered in Miami, Florida. Burger King has more than 12,000 locations around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Firehouse Subs

Jacksonville, Florida, United States

Firehouse Subs is a restaurant chain with a passion for hearty and flavorful food, heartfelt service, and public safety. Firehouse Subs was founded in 1994 and is based in Jacksonville, Florida.

Buy $1.0B