LongRange Capital acquisition of Yum Brands

Pizza Hut's new owners finance deal through whole business securitization

LongRange Capital has finalized its $1.5 billion acquisition of Pizza Hut from Yum Brands, transitioning the legacy pizza chain into a standalone private company.

Pizza Hut Global CEO Aaron Powell is departing the brand following its acquisition by private equity firm LongRange Capital.

Pizza Hut CEO Aaron Powell will depart the company following the completion of the brand's acquisition by private equity firm LongRange Capital.

Yum Brands to sell Pizza Hut in $2.7 billion deal

Yum Brands sells Pizza Hut for $2.7 billion and overhauls KFC globally.

- Quick Service - Marketing & Branding - News Pizza Hut doubles down on nostalgia with 'Throwback Value Menu' The chain has also launched a limited-edition streetwear capsule colle

Yum! Brands has agreed to sell Pizza Hut in a landmark deal that will end nearly 50 years of ownership of the iconic pizza chain, according to a June 16 press release.

When Pizza Hut announced the possibility of a sale, Yum CEO Chris Turner said that a turnaround for the chain might be best executed outside of Yum.

Yum CEO Chris Turner described Pizza Hut as one of the restaurant industry's most recognizable brands and said the company believes LongRange is well-positioned to support its future growth.

Yum Brands in talks with LongRange Capital to sell Pizza Hut