FT Foods acquires KFC restaurants across capital in multi-million pound deal

FT Foods Limited, a newly incorporated company owned by Fazan Tahir, has recently completed a multi-million-pound acquisition of seven KFC restaurants in London.

The restaurants were acquired from KFC UK & Ireland, forming part of its wider refranchising programme. The acquirer was advised by sector specialists, Smith Cooper Corporate Finance.

FT Foods is part of a wider grouping of companies created by the successful Tahir Group, a London-based property development and investment group operating KFC restaurants and Starbucks Coffee shops.

Food and beverage specialists, John Farnsworth and David Crump, at Smith Cooper Corporate Finance, assisted FT Foods in developing a bid document, agreeing terms with KFC’s advisers and project-managing the transaction through to completion.

Fazan Tahir said: “This deal is a significant step in my journey from my start in 1994 to what is today a multi-award-winning, multi-million-pound sales KFC business.

“I am very proud of our innovation, numerous awards and my outstanding team with its best-in-class culture. We intend to take the acquired restaurants forward and to add additional outlets, just as we always have done.

“As to the deal process that has been a huge project that I couldn’t have completed without my internal team, the management at KFC, Michael Stace and his team at Browne Jacobson, and the Smith Cooper Corporate Finance team.

“I have known John and David for some time and contacted them right at the start of this process; that turned out to be a key decision and I was impressed by the professionalism, determination and focus they brought to the delivery of their invaluable input.”

Smith Cooper, an advisory and accountancy firm, operate from five offices and employ around 200 staff.

Head of the company’s corporate finance, John Farnsworth, added: “David and I are delighted to have worked with Fazan, his team and advisers, and with KFC and their advisers to secure this important acquisition for the Tahir Group.

“We really enjoyed working with Fazan’s highly-motivated award-winning team, and have no doubt whatever that the business will continue to grow at an exemplary pace whilst still maintaining top operational and service quality - this is an exceptional business.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.