Pizza Hut Australia – divestment to the Flynn Group
Miles Advisory Partners is pleased to announce that we have advised Allegro Funds on the sale of Pizza Hut Australia (PHA) to the Flynn Group, the largest franchisee operator globally, and one the USA's top 20 foodservice groups.
Transaction Details
Sector
Consumer
Miles Role
Sell-side advisor to Allegro Funds on the sale of PHA
Deal Type
Business Divestment
Year Completed
2023
Contacts for this Transaction
Jack Atkins
Director
Overview
- PHA is the exclusive Australian master franchisee of Yum!’s Pizza Hut brand, operating a network of 262 sub-franchised stores nationally
- Under Allegro’s ownership, the business has delivered strong like-for-like sales growth having rationalised the store network and the menu offered to customers
- A significant trade zone screening exercise has identified 344 priority geographies to target for new store openings, underwriting an ambitious medium-term roll-out plan
- Flynn are considered a highly-logical long-term owner of the business given the strength of their QSR and broader franchise operating experience
