Domestic private equity fund operator Orchestra Private Equity will sell KFC Korea. It has been two years since acquiring management rights. The hoped-for sale price is said to be around 300 billion to 400 billion won.
On the 1st, according to the investment banking (IB) industry, Orchestra PE has recently selected Samil PwC as the main underwriter for the sale of KFC Korea and is pushing ahead with the sale.
Previously, Orchestra PE acquired 100% equity of KFC Korea from KG Group for about 100 billion won in 2023. Global food corporations Yum Brands, which owns KFC, Pizza Hut, and Taco Bell, also participated as an investor.
Orchestra PE is said to have determined that selling the company is better when performance is good. Last year, earnings before interest, taxes, depreciation, and amortization (EBITDA) was about 20 billion won based on the pre-IFRS 16 introduction, but has surpassed 40 billion won under the post-IFRS 16 introduction standards. The company is reported to wish to have its corporate value evaluated at ten times that figure.