TDR Capital ups stake in fast food chain Popeyes UK

Ring International Holdings is the seller.

  • Ring International will retain a minority stake in Popeyes UK
  • TDR initially invested in Popeyes UK in July 2023
  • TDR is a private equity firm based in London

TDR Capital has acquired a controlling stake in Popeyes UK, a quick service restaurant brand, from Ring International Holdings.

Ring International will remain invested in Popeyes UK on a minority basis.

TDR initially invested in Popeyes UK in July 2023.

Popeyes currently operates from 38 locations across the UK and has plans to open over 30 new locations in 2024, according to a release.

“Popeyes UK is performing very well and already demonstrating significant growth potential,” said Tom Mitchell, managing partner at TDR Capital. “We are therefore pleased to be increasing our investment in the brand and the UK team which is in line with our broader strategic ambitions in the sector.”

TDR is a private equity firm based in London.

No financial details of the transaction were disclosed.