Daily News: December 11, 2012

Sentinel Exits Investment in Pizza Hut Franchisee

Private equity firm Sentinel Capital Partners announced the sale of
Southern California Pizza Company, the largest Pizza Hut franchisee in California with 224 locations. Financial details of the transaction were not disclosed.

Sentinel built Southern California Pizza during the course of four years through two major transactions as well as opening new locations. In 2008, Southern California Pizza acquired its first 123 restaurants through a corporate divestiture by franchisor Pizza Hut. A year later, Sentinel acquired an additional 98 restaurants from Pizza Hut.

These two acquisitions together with new unit openings made Southern California Pizza the largest Pizza Hut franchisee in California and the third largest in the 7,600-store U.S. Pizza Hut system. All 224 Southern California Pizza restaurants are located in Los Angeles, Riverside, San Bernardino, and Orange counties.