The holding pattern in the franchise capital markets has officially broken. As of July 2, 2026, Jersey Mike’s Subs has filed a Form S-1 with the SEC, signaling an Initial Public Offering (IPO) on the NYSE under the ticker symbol ‘JMKE’. This transaction represents the absolute apex of private equity value creation in the current […]
The prevailing narrative surrounding restaurant private equity in 2026 frequently focuses on massive, multi-billion-dollar platform divestitures, such as the recent $2.7 billion carve-out of Pizza Hut’s non-China assets. However, the true epicenter of transactional velocity lies within the lower-middle-market. We are witnessing an unprecedented wave of franchisee-level aggregation. Well-capitalized regional operating groups, backed by specialized […]
Yum! Brands has executed a definitive agreement to divest the Pizza Hut brand in a bifurcated transaction valued at $2.7 billion. LongRange Capital, a middle-market private equity firm, will acquire the global operations, excluding mainland China, for $1.5 billion. Concurrently, Yum China Holdings will acquire the mainland China operations for $1.2 billion. Pizza Hut is […]