Mubadala, Cepsa’s main shareholder, has just closed the purchase of the Taco Bell restaurants in the United States from the Lee Equity Partners Opportunities Fund in collaboration with the management team.
Founded in 1964, K-MAC – the umbrella company for these restaurants – has established a strong track record of growth through a combination of new store openings and strategic acquisitions. Today, K-MAC operates more than 300 Taco Bell restaurants, located primarily in the Midwest and South of the United States, representing approximately 4% of the entire Taco Bell system, a leader in the Mexican service restaurant industry. fast.
Commenting on the acquisition, Adib Martin Mattar, Head of Private Equity at Mubadala Capital, said “K-MAC’s management team are among the best traders we have known as an organization, and we couldn’t be happier to partner with them to drive the next phase of growth for K-MAC.They have built an exceptional business with a 40-year track record of innovation alongside the Taco Bell brand, as well as industry-leading operating performance that we are collectively looking to leverage through new concepts and formats to best serve each of your key demographics.His expertise is perfectly suited to capitalize on the value creation opportunities that can be found in our current portfolio of food and consumer services assets, as well as our global network. “
Tina Reagan, K-MAC COO, said: “Mubadala Capital brings a unique network and fresh perspective to this partnership, and we are delighted to partner with an organization that understands us as a management team, the value of operational excellence. and the importance of our employees.This is an exciting time for our business as we look to build on a loyal customer base to drive value through increased use of technology and digital presence alongside our new partner, Mubadala Capital.”
Mubadala Capital has extensive experience in the food and beverage industry, having invested approximately $1.8 billion in the past seven years. Mubadala Capital recently led a $700 million investment round in REEF Technology, a US-based proximity-as-a-service platform that enables and accelerates the growth of the on-demand economy in North America supported by the delivery of food with a portfolio that includes several of America’s leading QSR restaurant concepts.
Goldman Sachs has advised Mubadala Capital on this transaction, and Bank of America and North Point have advised the sellers.
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