Portfolio Company News: Pacific Island Restaurants
Consumer-focused private equity investment firm Brentwood Associates sold Pacific Island Restaurants Inc. to Nimes Capital last week, reported The Daily Journal. Honolulu-based Pacific Island Restaurants is the sole franchisee of Pizza Hut and Taco Bell restaurants throughout Hawaii, Guam and Saipan. The deal closed at the end of December, eight years after Brentwood purchased the company. Terms of the deal weren’t disclosed.
Brentwood’s managing director, Rahul Aggarwal, called the transaction a “successful investment,” reported The Daily Journal’s Connie Lopez. During the time Brentwood owned Pacific Island Restaurants, the company implemented call centers in the Pizza Hut system, opened six new restaurants and acquired six more.