Carlyle has acquired KFC Korea from Orchestra Private Equity, completing a full exit for the seller after a three-year ownership period.

Orchestra executed a comprehensive value creation strategy following its acquisition in 2022. Their strategy focused on optimising the store network, restructuring the supply chain, accelerating digital transformation, and introducing a franchise-led growth model.

These initiatives delivered strong financial results. KFC Korea recorded revenue growth at a compound annual rate of 23%, while EBITDA increased 3.2x during the holding period. Average daily sales rose by 55%, reflecting improved operational efficiency and customer engagement.

Jay Kim, Partner at Orchestra, commented, “Through rigorous execution and collaboration, we were able to maximize the brand’s potential and fundamentally improve the business structure.”

The deal highlights Carlyle’s continued focus on consumer platforms with strong brand recognition and expansion potential, particularly in markets where operational expertise can unlock further growth.

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