Add-on Acquisition • Franchising

Restaurant Brands New Zealand Acquires Pacific Island Restaurants

On March 7, 2017, Restaurant Brands New Zealand acquired franchising company Pacific Island Restaurants from Nimes Capital for 105M USD

Acquisition Context
  • This is Restaurant Brands New Zealand’s 1st transaction in the Franchising sector.
  • This is Restaurant Brands New Zealand’s largest (disclosed) transaction.
  • This is Restaurant Brands New Zealand’s 1st transaction in the United States.
  • This is Restaurant Brands New Zealand’s 1st transaction in Hawaii.

Explore All 62 Add-on Acquisition Franchising Deals - Search the Database Free


M&A Deal Summary

Date March 7, 2017
Target Pacific Island Restaurants
Sector Franchising
Buyer(s) Restaurant Brands New Zealand
Sellers(s) Nimes Capital
Deal Type Add-on Acquisition
Deal Value 105M USD
Advisor(s) Houlihan Lokey (Financial)

Target Company

Pacific Island Restaurants

Honolulu, Hawaii, United States
Pacific Island Restaurants is the sole franchisee of Pizza Hut, Taco Bell, A&W and Long John Silver’s restaurants in Hawaii and Guam, and the sole franchisee of Pizza Hut in Saipan. Pacific Island Restaurants was founded in 1971 and is based in Honolulu, Hawaii.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Restaurant Brands New Zealand

Penrose, New Zealand

Category Company
Founded 1997
Sector Restaurants
Revenue 1.4B NZD (2024)
DESCRIPTION

Restaurant Brands New Zealand operates outlets of KFC, Pizza Hut, Taco Bell and Carl's Jr. together with KFC and Taco Bell in Australia, KFC and Taco Bell in California and Pizza Hut and Taco Bell in Hawaii, Guam and Saipan. Restaurant Brands New Zealand was founded in 1997 and is based in Penrose, New Zealand.


Deal Context for Buyer #
Overall 1 of 1
Sector: Franchising 1 of 1
Type: Add-on Acquisition 1 of 1
State: Hawaii 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER
DESCRIPTION

Nimes Capital is the investment arm of Nazarian Enterprises, a family office established by Younes and David Nazarian to diversify and manage the capital of the Nazarian family. Nimes Capital seeks to invest in, support and build targeted portfolios of companies in high-growth asset classes with strong management teams in businesses with high barriers to entry. Nimes Capital is an active investor that looks to assist with the growth and success of its partners. The Firm will consider direct investments in profitable enterprises with $3 to $15 million of EBITDA as well as opportunities in real estate. Nimes Capital is based in Los Angeles, California.


Deal Context for Seller #
Overall 1 of 2
Sector: Franchising 1 of 1
Type: Add-on Acquisition 1 of 1
State: Hawaii 1 of 1
Country: United States 1 of 2
Year: 2017 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Togo s Eateries

San Jose, California, United States

Togo's Eateries is a franchisor of Togo’s “West Coast Original” quick service sandwich shops, located in the Western US. Togo's Eateries was founded in 1971 and is headquartered in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 Ingenu

San Diego, California, United States

Ingenu is a provider of wireless communication equipment and services. Ingenu was founded in 2008 and is based in San Diego, California.

Sell -