M&A Deal Summary

Flynn Restaurant Group Acquires NPC International

On March 24, 2021, Flynn Restaurant Group acquired restaurant NPC International from Olympus Partners

Acquisition Highlights
  • This is Flynn Restaurant Group’s 1st transaction in the Restaurants sector.
  • This is Flynn Restaurant Group’s 2nd transaction in the United States.
  • This is Flynn Restaurant Group’s 1st transaction in Kansas.

M&A Deal Summary

Date 2021-03-24
Target NPC International
Sector Restaurants
Buyer(s) Flynn Restaurant Group
Sellers(s) Olympus Partners
Deal Type Add-on Acquisition
Advisor(s) Greenhill & Co. (Financial)
Weil Gotshal & Manges (Legal)

Target

NPC International

Overland Park, Kansas, United States
NPC International is a Pizza Hut franchisee in the United States with approximately 790 stores. NPC International operated stores in 26 states with significant presence in the Midwest, South and Southeast. NPC International was founded in 1962 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Flynn Restaurant Group

Independence, Ohio, United States

Category Company
Sector Restaurants
DESCRIPTION

Flynn Restaurant Group owns and operates 514 restaurants in 25 states and is the largest U.S. franchisee in the restaurant industry. Its two divisions, Apple American Group and Bell American Group, represent 438 Applebee’s Neighborhood Grill and Bars and 76 Yum! Brands restaurants, respectively. Flynn Restaurant Group is based in Independence, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Solage Calistoga

Calistoga, California, United States

Solage Calistoga is an operator of the luxury resort situated on 22 acres in the heart of Northern California wine country, and surrounded by panoramic Mayacamas and Palisades mountain ranges. Solage Calistoga is based in Calistoga, California.

Buy -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 43 of 50
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 22 of 24
State (Kansas) 1 of 1
Country (United States) 40 of 47
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Laplace

Bermuda

Laplace is a diversified reinsurance vehicle focused on short-tail retrocessional and specialty reinsurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Petmate

Arlington, Texas, United States

Petmate is a supplier of a wide variety of non-food pet products to leading retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. The Company’s portfolio of branded toys and licensed products includes ChuckIt!®, JW Pet®, and Jackson Galaxy® which lead the industry in innovative interactive products. Petmate serves the market through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.

Sell -