Sun European Partners, the private equity backer of Atmosphere Bars & Clubs, has joined RCapital, in the running to acquire Pizza Hut UK. According to The Times, the US group, which was also one of the suitors for Luminar, is understood to be amongst the early runners and riders in the auction for the pizza chain’s restaurant business. An information memorandum on the company, which was placed on the market late last year by Yum! Brands, was sent out earlier this month, with a shortlist of interested parties due to be put together over the next fortnight. Yum! Brands has appointed PricewaterhouseCoopers (PwC) to oversee the sales process. It is thought that Yum! would prefer not to sell to a trade buyer. Last October, the company announced it was seeking a single buyer to purchase its company-owned restaurants and to serve as a master franchisee for the UK market, as it looks to refranchise its entire Pizza Hut UK business.