Kuwait-based asset management and investment banking firm Global Investment House has completed the acquisition of a 100% stake in Yum Yum Tree Food Court Co.
Global's alternative asset management arm, Global Capital Management, signed the deal for the Yum Yum Tree restaurant chain, which was established in 1995 with five restaurants in Bahrain and one in the UAE - and has since grown to reach nearly 180 restaurants across Bahrain, the UAE, Qatar, and via a sub-franchisee agreement in Saudi Arabia.
Yum Yum Tree is the master franchisee or operator of more than 20 international and regional brands including Vanellis, Subway (Bahrain),Teryaki, Pad Thai and Al Mangal.
Sulaiman Al-Rubaie, managing partner at GCM and head of Global’s alternative asset management division commented: “We are proud to have successfully acquired such an outstanding company with great potential for growth. This acquisition gives our clients unique access into a growing sector which is resilient to economic downturns. Unlike the fine and casual dining segments, the QSR segment is least prone to economic volatilities and has already shown resilience in the past two challenging years for retail and especially food retail in the region.”
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