Popeyes Louisiana Kitchen, Inc. acquired by Restaurant Brands International Inc.
Restaurant Brands International Inc. acquired Popeyes Louisiana Kitchen, Inc., a US quick service restaurants; franchisor and operator brand, on Mar 27, 2017.
Transaction summary
- Target
- Popeyes Louisiana Kitchen, Inc.
- Acquirer
- Restaurant Brands International Inc.
- Seller
- -
- Announced
- 2017-02-21
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 1.8B
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
6.69x
Period: Fiscal Year Ended 2016 12 25
Basis: Derived from source data
EV / EBITDA
18.9x
EBITDA: normalised / adjusted
Basis: Derived from source data
Basis
- The announced $1.8 billion transaction value is used as the whole-company enterprise value; no debt-and-cash bridge is disclosed. RBI reported Popeyes revenue of $268.9 million and adjusted EBITDA of $95.5 million, an issuer-defined non-GAAP measure, for the fiscal year ended December 25, 2016. $1.8 billion / those figures gives approximately 6.69x revenue and 18.85x adjusted EBITDA; these are calculated, not separately reported transaction multiples.
Source summary
Restaurant Brands International Inc. Agrees to Acquire Popeyes Louisiana Kitchen
ConfirmedRBI to acquire Popeyes for $79.00 per share in cash, or $1.8 billion.
Open sourcePopeyes Louisiana Kitchen Form 8-K Reporting Completion of Acquisition
Confirmedthereby becoming an indirect, wholly-owned subsidiary of Parent.
Open sourceRestaurant Brands International Inc. Reports Third Quarter 2017 Results
ConfirmedReconciliation of Adjusted EBITDA to Net Income (Unaudited) Historical Popeyes Adjusted EBITDA
Open sourceContinue your research
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