Mubadala acquires K-Mac Enterprises

Mubadala acquires K-Mac Enterprises
Mubadala acquires K-Mac Enterprises

Mubadala Financial Investments announced; The Abu Dhabi-based asset management company, affiliated with Mubadala Investment Company, one of the most prominent sovereign investment companies in the world, which manages an asset portfolio of $243 billion, after its acquisition of K-Mac Enterprises, from its owner, Lee Equity Partners. Opportunities Fund”, in partnership with the company’s current management team.

Since its establishment in 1964, K-Mac has achieved significant growth through the opening of a number of new restaurants and the conclusion of several strategic acquisitions. Today, the company operates more than 300 restaurants of the Taco Bell chain of restaurants, and its activities are mainly concentrated in the Midwest and southern regions of the United States. The company’s chain of restaurants represents about 4% of the total Taco Bell chain of restaurants; Famous and pioneer in the field of providing Mexican fast food «QSR».

Adeeb Martin Matar, Head of Private Equity at Mubadala Financial Investments, said: “The current management team at K-Mac is one of the best management teams working in this sector, and we are pleased to work with them in order to enhance the company’s growth opportunities and achieve a new leap in the field. her career. Through 40 years of work and achievement, they were able to build a proven track record of innovation alongside the owners of the “Taco Bell” brand, in addition to providing a leading operational performance in this field, and we look forward to working together as a harmonious team to provide the best services in the main areas that are located It is a chain of restaurants. The in-depth experience of the management team will also help enhance value creation opportunities across our extensive portfolio of consumer and food services, as well as our global business network.

Tina Reagan, chief operating officer of K-Mac, said: “Mubadala Capital Investments, with its distinguished network, will add a new perspective to this partnership. We are pleased to work with a company that understands our role as a management team, values ​​our operational excellence, and understands the importance of our employees. We see this as the right time for us to work with our new partners, Mubadala Capital, to strengthen our client base, with the goal of increasing value through the expansion of technology and digital services.

Mubadala Capital Investments has good experience in food and beverages, having invested nearly $1.8 billion over the past seven years in the sector.

The company recently led a $700 million financing round for Reef Technology; It is a US-based platform that connects community members directly to services and enables the acceleration of the growth of the demand-driven service sector in North America through a portfolio that includes a number of the most prominent fast food restaurants in the United States.

It is noteworthy that “Goldman Sachs” advised Mubadala Financial Investments on this deal, while “Bank of America” ​​and “North Point” advised the sellers.

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