Victory Park Invests in KBP Foods
Victory Park Capital (VPC) announced it completed a preferred equity investment in KBP Foods. 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.
“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.”