LongRange Capital

“LongRange Capital completed its $2.7b buyout of Pizza Hut, minus the mainland China business, from Yum Brands.”

“LongRange Capital yesterday agreed to buy the non-China operations of Pizza Hut from Yum Brands for $1.5 billion (plus up to $75 million in earnouts)”

“Upstart PE firm acquiring Pizza Hut from Yum! Brands for over $1.5B — signals PE appetite for distressed consumer brand carve-outs.”