Mubasher TV
Contact Us Advertising   العربية

Mubadala Capital acquires K-MAC Enterprises

Mubadala Capital acquires K-MAC Enterprises
K-MAC operates more than 300 Taco Bell restaurants

UAE - Mubasher: Mubadala Capital, an asset management subsidiary of Mubadala Investment Company, has acquired K-MAC Enterprises (K-MAC) from Lee Equity Partners Opportunities Fund.

K-MAC operates more than 300 Taco Bell restaurants, located in the Midwestern and Southern US and represents around 4% of the Taco Bell system, a provider of the Mexican quick-service restaurant (QSR) space, according to a press release on Thursday.

Goldman Sachs is Mubadala Capital's advisor on this transaction, and Bank of America and North Point advised the sellers.

Commenting on the transaction, the Head of Private Equity at Mubadala Capital, Adib Martin Mattar, said: "They have built an exceptional business with a 40-year track record of innovation alongside the Taco Bell brand, as well as industry-leading operating performance that we are collectively looking to leverage across new concepts and formats to better serve each of their key demographics."

Meanwhile, the Chief Operating Officer at K-MAC, Tina Reagan, commented: "This is an exciting time for our business as we seek to build upon a loyal customer base to drive value through increased use of technology and digital presence alongside our new partner, Mubadala Capital."