Abu Dhabi fund Mubadala unit acquires a U.S. franchisee of Taco Bell

14 Oct 2021

Abu Dhabi fund Mubadala unit acquires a U.S. franchisee of Taco Bell

. DUBAI A unit owned by Abu Dhabi state fund Mubadala Investment Company has acquired one of the biggest franchisees of Taco Bell Corp in the United States, according to a statement on Thursday.Mubadala Capital, an asset management subsidiary, bought K-MAC from Lee Equity Partners Opportunity Fund, the unit said in the statement.K-MAC operates over 300 Taco Bell restaurants, mostly in the midwestern and southern United States, it said.U.S. investment bank Goldman Sachs (NYSE:GS) advised Mubadala Capital, while Bank of America (NYSE:BAC) and North Point advised the seller.  

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