M&A Deal Summary

Yum! Brands Acquires Little Sheep Group

On April 26, 2011, Yum! Brands acquired restaurant Little Sheep Group for 586M USD

Acquisition Highlights
  • This is Yum! Brands’ 1st transaction in the Restaurants sector.
  • This is Yum! Brands’ largest (disclosed) transaction.
  • This is Yum! Brands’ 1st transaction in China.

M&A Deal Summary
Date 2011-04-26
Target Little Sheep Group
Sector Restaurants
Buyer(s) Yum! Brands
Deal Type Add-on Acquisition
Deal Value 586M USD

Target

Little Sheep Group

Baotou, China
Little Sheep Group Ltd. is a hot pot restaurant chain with branches throughout Asia and internationally. It operates company-owned and franchise restaurants specialising in Mongolian-style hot pot cuisine throughout China and Hong Kong as well as Macau, Japan, the US, Canada and Indonesia. The company differentiates itself from other hotpot restaurants by offering high quality Mongolian mutton cooked in a “special recipe” soup base which was created by its founder.

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Buyer(S) 1

Buyer

Yum! Brands

Louisville, Kentucky, United States
Category Company
Founded 1997
Sector Restaurants
Employees35,000
Revenue 7.1B USD (2023)
DESCRIPTION
Yum! Brands' corporate headquarters in Louisville, Kentucky.
Yum! Brands' corporate headquarters in Louisville, Kentucky.

Yum! Brands is a global restaurant serving customers primarily through three concepts including KFC, Pizza Hut and Taco Bell. The Company develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of competitively priced food items. Yum! Brands was founded in 1997 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 1 of 6
Sector (Restaurants) 1 of 2
Type (Add-on Acquisition) 1 of 5
Country (China) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Celebration Restaurant Group

Celebration, Florida, United States

Celebration Restaurant Group LLC is a Pizza Hut, Taco Bell and Kentucky Fried Chicken franchisee that owns and operates 170 restaurants in the Southeastern and Midwestern US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-12 Pizza Hut

Milton Keynes, United Kingdom

Pizza Hut (UK) Ltd. is a casual dining brand that owns 330 dine-in restaurants. Pizza Hut (UK) Ltd. was established in 1972 and is based in Milton Keynes, United Kingdom.

Sell -
Mergr

Product

Company

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