Operator of KFC and Pizza Hut restaurants has raised growth capital from Practica Capital
Practica Capital, through its Practica Venture Capital fund, has signed an investment agreement to provide growth capital for UAB Fast Foods Group (FFG), the Baltic franchisee of Yum! Brands Inc., for the expansion of KFC and Pizza Hut restaurants in the region.
FFG currently operates three KFC and one Pizza Hut restaurants in Vilnius, Lithuania. In May 2013, the company was acquired by a private investor, who aimed to expand the business to at least seventeen restaurants in the Baltic countries by the end of 2016. To finance this expansion, FFC has received financial backing from a venture capital fund managed by Practica Capital.
Practica Capital is a venture capital firm established in 2011 in Lithuania by investment professionals and entrepreneurs who exited their businesses. The fund provides early and later-stage financing to Lithuanian SMEs, focusing on innovative and high-growth potential businesses. Practica Capital also runs the business accelerator Startup.lt, which helps young businesses to realize high growth potential.
Oaklins’ team in Lithuania advised UAB Fast Foods Group through the whole process of raising growth capital, developing an investment case, presenting it to potential investors, structuring and negotiating the deal.
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