City sources said the sale of Pizza Hut’s UK franchise could be announced within weeks AP PHOTO/ALAN DIAZThe British wing of Pizza Hut is on the verge of being sold by its private equity backers for about £100m. City sources said the sale of the pizza chain’s UK franchise could be announced in the next few weeks, though there are still hurdles to overcome before the proposed takeover is completed. Rutland Partners, a UK-based private equity firm, is understood to be in advanced talks to sell the business to Pricoa, a debt investor owned by the American insurer Prudential Financial. The takeover would mark a bumper return for Rutland Partners, which in 2012 paid just £1 to rescue Pizza Hut from the brink of collapse under its previous owner, Yum! Since then, Rutland has spent £60m refurbishing the British franchise of…

Source: The Times December 17, 2017 00:04 UTC