Yum! Brands Completes $1.5B Pizza Hut Sale to LongRange Capital

M&A · Partnership
โดย QSR Magazine·US·Read original
Summary · why it matters

Yum! Brands has completed the sale of Pizza Hut, excluding Mainland China, to LongRange Capital for approximately $1.5 billion, with an additional earn-out of up to $75 million by 2030 based on future performance. Together with the previously closed sale of Pizza Hut in Mainland China to Yum China Holdings, which closed on August 7, 2026, the two transactions total $2.7 billion in aggregate. CEO Chris Turner said the completion marks a more focused company with significant growth opportunities, citing digital capabilities, scale, and Byte by Yum! as key drivers. Goldman Sachs and Barclays advised Yum! on the transaction, with legal counsel from Weil, Gotshal & Manges, Baker McKenzie, Dinsmore and Shohl, and Mayer Brown.

Impact on stocks 4

Consumer Discretionary▲ · 2 stocks
Yum! Brands Inc
YUM
▲ PositiveCapitalrelevance

Yum! Brands completed the $1.5B sale of Pizza Hut (ex-Mainland China) to LongRange Capital, part of $2.7B total divestitures, sharpening focus on growth brands.

Yum China Holdings Inc
YUMC
± MixedCapitalrelevance

Yum China Holdings is mentioned only as the buyer of Pizza Hut Mainland China, a previously closed transaction; no new impact on Yum China.

Financials▲ · 2 stocks

Off-coverage companies 5

Baker McKenziePrivate± Mixed
relevance

Dinsmore & Shohl LLPPrivate± Mixed
relevance

LongRange CapitalPrivate± Mixed
relevance

Mayer Brown LLPPrivate± Mixed
relevance

Weil, Gotshal & MangesPrivate± Mixed
relevance

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