M&A Deal Summary

Yum! Brands Acquires The Habit Restaurants

On January 6, 2020, Yum! Brands acquired restaurant The Habit Restaurants for 375M USD

Acquisition Highlights
  • This is Yum! Brands’ 2nd transaction in the Restaurants sector.
  • This is Yum! Brands’ 2nd largest (disclosed) transaction.
  • This is Yum! Brands’ 1st transaction in the United States.
  • This is Yum! Brands’ 1st transaction in California.

M&A Deal Summary
Date 2020-01-06
Target The Habit Restaurants
Sector Restaurants
Buyer(s) Yum! Brands
Deal Type Add-on Acquisition
Deal Value 375M USD
Advisor(s) Piper Sandler & Co. (Financial)
Ropes & Gray (Legal)

Target

The Habit Restaurants

Irvine, California, United States
The Habit Restaurants is a burger-centric, fast-casual restaurant concept that specializes in preparing fresh, made-to-order chargrilled burgers and sandwiches featuring USDA choice tri-tip steak, grilled chicken and sushi-grade tuna cooked over an open flame. In addition, it features fresh made-to-order salads and an appealing selection of sides, shakes, and malts. The Habit Restaurants is based in Irvine, California.

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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 2 of 6
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 2 of 5
State (California) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Pizza Hut

Sydney, Australia

Pizza Hut (Australia) is a pizza chain in the world with more than 12,000 Pizza Hut Restaurants and Delivery Units operating worldwide. There are approximately 270 stores are located in Australia. Pizza Hut (Australia) is based in Sydney, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Heartstyles

London, United Kingdom

Hearts Brands IP Pty Ltd. is a development program, to unlock potential and build the capabilities of people who drive the performance for KFC, Pizza Hut and Taco Bell restaurants around the world. Hearts Brands was established in 1987 and is based in London, United Kingdom.

Buy -
Mergr

Product

Company

Legal