'Flynn Group, World's Largest Franchisee, Explores $5B+ Sale' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
Flynn Group, the world's largest franchisee operator, is exploring a sale of a majority stake potentially valuing the company at over $5 billion, including debt. The company, which operates franchises such as Applebees, Taco Bell, Panera Bread, Arby's, Pizza Hut, Wendy's, and Planet Fitness, is working with Bank of America on the sale. Private equity firms and sovereign wealth funds are interested suitors. Ontario Teachers' Pension Plan and Main Post Partners, current investors in Flynn Group, might sell part of their stakes but remain invested post-deal. Flynn Group generates over $450 million in EBITDA annually and has over $4.5 billion in annual sales from over 2,600 restaurants and fitness clubs in the U.S. and Australia.
February 08, 2024 | 7:23 pm
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POSITIVE IMPACT
Bank of America is working with Flynn Group on a sale process that could value the franchisee operator at over $5 billion.
Bank of America's involvement in the sale process of Flynn Group, a major deal potentially worth over $5 billion, could positively impact its reputation and financial performance in the short term by showcasing its capability in facilitating large-scale transactions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Flynn Group operates franchises of YUM brands such as Taco Bell and Pizza Hut and is exploring a sale that could value it at over $5 billion.
While the sale of Flynn Group could indicate significant valuation and interest in franchises it operates, including YUM brands like Taco Bell and Pizza Hut, the direct short-term impact on YUM's stock price is uncertain. The news highlights the value and performance of YUM's franchises but does not directly affect YUM's operations or financials.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60