M&A Deal Summary

Yum! Brands Acquires Habit Burger Grill

On January 6, 2020, Yum! Brands acquired restaurant Habit Burger Grill from KarpReilly 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 Habit Burger Grill
Sector Restaurants
Buyer(s) Yum! Brands
Sellers(s) KarpReilly
Deal Type Add-on Acquisition
Deal Value 375M USD
Advisor(s) Piper Sandler & Co. (Financial)
Ropes & Gray (Legal)

Target

Habit Burger Grill

Irvine, California, United States
Habit Burger Grill 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. Habit Burger Grill was founded in 1969 and 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
Employees40,000
Revenue 7.5B USD (2024)
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 M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 5
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 Pizza Hut

New South Wales, Australia

Pizza Hut (Australia) is a pizza chain in the world with more than 12,000 pizza hut restaurants and delivery units operating worldwide. Pizza Hut (Australia) is based in New South Wales, 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 -

Seller(S) 1

SELLER

KarpReilly

Greenwich, Connecticut, United States

Category Growth Capital Firm
Founded 2007
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KarpReilly is a private equity firm focused on partnering with small to mid-size growth companies across a broad range of industries. The Firm looks to commit $10 to $25 million of equity capital per investment. Sectors of interest include building materials, business services, consumer brands, healthcare services, retail, and restaurants. KarpReilly will consider both minority or majority investment positions in transactions that include growth financings, management buyouts, acquisition financings, and recapitalizations. KarpReilly was formed in 2007 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 17 of 17
Sector: Restaurants M&A 6 of 6
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 3 of 3
Country: United States M&A 15 of 15
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Cooper’s Hawk Winery & Restaurants

Downers Grove, Illinois, United States

Cooper’s Hawk Winery & Restaurants is a casual restaurant chain that uniquely combines a sophisticated ambiance and upscale menu with its very own. Cooper’s Hawk Winery & Restaurants was founded in 2005 and is based in Downers Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Peels

Los Angeles, California, United States

Peels is a Citrus-Derived CBD product line that is created with uniquely pure, nature-identical CBD. Scientifically proven to be molecularly identical to CBD produced by the cannabis plant, Peels CBD offers the same holistic effects, but is produced at a superior quality, safety, and scale. Made from terpenes found in citrus peels, not cannabis or hemp, guarantees zero THC content. It’s also guaranteed to be free from toxic impurities. Peels is based in Los Angeles, California.

Buy -