A Kuwait food company Americana Group, which is the operator of KFC, TGI Friday’s, Krispy Kreme and Red Lobster, is planning to attract the amount of $5 billion in private equity boost.
KKR, Carlyle, CVC Capital Partners, Advent International and TPG Capital were among those named as interested in acquiring the company, according to media reports.
Private equity firms have recently shown an increased appetite for investments in the Arabian Gulf, as healthy economic and demographic growth create expansion opportunities for scalable business models in the region.
PepsiCo and PineBridge Investments Middle East have both sought investments in the Mena region in the past year, while KKR and Carlyle both have offices based in Dubai.
The billionaire Al Kharafi family owns 66.8 per cent of the Kuwait Food Company, which trades under the name Americana, and hired Rothschild in April to explore the possibility of a sale, according to Reuters.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Kuwait Food Company, Americana Group, KFC, TGI Friday’s, Krispy Kreme, Red Lobster, KKR, Carlyle, CVC Capital Partners, Advent International, TPG Capital, Arabian Gulf, PepsiCo, PineBridge Investments Middle East, Dubai, Al Kharafi.