CHICAGO – March 26, 2015 – Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced today that it has completed a preferred equity investment in KBP Foods (KBP). VPC invested alongside management, Boathouse Capital, and others to support the management buyout of KBP as well as future growth initiatives.

KBP operates approximately 220 restaurants under the KFC, Taco Bell, and Long John Silver’s brands throughout the Midwest, South, and Southeast. Through a series of acquisitions, KBP management has grown the business from just five restaurants in 1999, and has consistently demonstrated brand-leading financial and operational performance. The current management team will continue to execute on KBP’s strategy of acquiring and improving operations of franchised restaurants.

“VPC is excited to partner with and invest alongside KBP’s best-in-class management team,” said VPC Principal Chad Peterson. “KBP is uniquely positioned to continue capitalizing on consolidation opportunities and we look forward to participating in the next stage of growth and value creation.”

Barry Dubin of KBP remarked, “We are thrilled to partner with VPC and Boathouse as we embark upon our next phase of growth. Our new financing partners exhibited a high degree of flexibility and sophistication in navigating a complex and highly structured transaction. With our new capitalization, we are well positioned to take advantage of the opportunities before us.”