Victory Park Capital Announces Investment in KBP Foods
Mar 26, 2015
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.”
About KBP Foods
KBP owns and operates branded restaurants under franchise agreements with KFC, Taco Bell, and Long John Silver’s. The company is the second largest domestic KFC franchisee and among the top 25 largest restaurant franchisees of any brand in the United States. The company has successfully acquired and operates restaurants in Florida, Georgia, Illinois, Iowa, Kansas, Missouri, Nebraska, North Carolina, Texas, and Virginia. KBP is headquartered in Overland Park, Kansas. For additional information, visit: http://www.kbp-foods.com/.
About Victory Park Capital
Victory Park Capital Advisors, LLC (“VPC”) is a privately held, SEC-registered, global alternative investment firm. VPC provides opportunistic capital solutions to both emerging and established businesses with an expertise investing across various sectors where traditional sources of capital are limited. The firm’s differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities and broad credit structuring and special situations expertise. The firm was founded in 2007 and is headquartered in Chicago with additional offices in New York, Los Angeles and San Francisco. For more information, please visit www.victoryparkcapital.com.