TDR invests in Popeyes UK

01 Aug 2023

We are pleased to announce that TDR Capital have acquired a stake in the master franchise rights of Popeyes UK.

The funding will accelerate the company’s restaurant opening programme.

Popeyes UK has opened 27 locations across the UK since its first store in Stratford launched in November 2021, including its first ‘Drive Thru’ in Rotherham, which broke multiple sales records for the brand.

Tom Crowley, chief executive at Popeyes UK, said: “This partnership with TDR Capital allows us to continue the fantastic momentum we have built up across the UK and to accelerate our store openings programme. TDR will bring their extensive experience to our business and we look forward to partnering with them alongside our current owners Ring International Holdings on the next phase of growth for Popeyes UK.”

Tom Mitchell, Managing Partner at TDR Capital, added: “Tom Crowley and his team have done a fantastic job establishing Popeyes’s presence in the UK over the last 18 months. There is significant demand for the brand and its product, which makes this an exciting, long-term investment opportunity for TDR. We’re looking forward to putting our capital to work and supporting the company through its next phase of growth as it opens further locations and creates new jobs across the country.”

Founded in New Orleans in 1972, Popeyes now has more than 4,000 restaurants in the US and around the world.

Learn more about our investment in Popeyes.

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