TDR Capital has increased its shareholding in Popeyes UK, effectively taking control from dual investor Ring International Holdings who remain invested on a minority basis.
The fast-growing QSR brand currently operates from 38 locations across the UK and has plans to open over 30 new locations in 2024 after seeing exceptional growth over the last three years.
Tom Mitchell, managing partner at TDR Capital, said: “Popeyes UK is performing very well and already demonstrating significant growth potential. We are therefore pleased to be increasing our investment in the brand and the UK team which is in line with our broader strategic ambitions in the sector.”
Tom Crowley - CEO at Popeyes UK added: “TDR Capital has demonstrated already why it is one of the leading private equity investors and we are thrilled to be working more closely with them as we roll out the Popeyes brand. We thank Ring International Holdings for all its support and investment during the start-up phase of our business.”
