Popeye's Louisiana Kitchen
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Assets of Popeyes Louisiana Kitchen Sold for $15.3 Million
Houston based private equity firm ZT Wealth recently announced that they have exited their portfolio entity ZT Restaurants, L.P. for $15.3 million, implying an EBITDA multiple of 7.19x. In this liquidity event, ZT Restaurants, L.P. sold its assets of world-renowned Quick Service Restaurants brand, Popeye's Louisiana Kitchen. ZT Restaurants, L.P. partners will make over a 25% return in addition to their original investment. The investment has generated an IRR of over 23%, which includes 10% cash on cash distributions during the investment life cycle.
