M&A Deal Summary

Restaurant Brands International Acquires Popeyes Louisiana Kitchen

On February 21, 2017, Restaurant Brands International acquired restaurant Popeyes Louisiana Kitchen for 1.8B USD

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

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

Target

Popeyes Louisiana Kitchen

Atlanta, Georgia, United States
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

Restaurant Brands International

Toronto, Ontario, Canada
Category Company
Founded 1954
Sector Restaurants
Employees5,200
Revenue 7.0B USD (2023)
DESCRIPTION

Restaurant Brands International (RBI) is a fast-food holding company that owns and operates quick-service restaurant brands, including Burger King, Tim Hortons, Popeyes, and Firehouse Subs. The Company leverages its extensive global reach, marketing strategies, and operations to drive growth and profitability for its brands. Restaurant Brands International was originally established in 1954 and is based in Toronto, Ontario.

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 Tim Hortons

Oakville, Ontario, Canada

Tim Hortons is a North American restaurant chain. Operating in the quick service segment of the restaurant industry, Tim Hortons offers a menu that includes premium coffee, hot and cold specialty drinks (including lattes, cappuccinos and espresso shots), specialty teas and fruit smoothies, fresh baked goods, grilled Panini and classic sandwiches, wraps, soups, prepared foods and other food products. Tim Hortons was formed in 1964 and is based in Oakville, Ontario.

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
Mergr

Product

Company

Legal