LongRange Capital

Low-profile long-hold PE firm founded by Bob Berlin, formerly of Baupost Group. Agreed in June 2026 to buy Pizza Hut outside mainland China from Yum! Brands for $1.5B, its largest deal to date

EST. 2019Stamford, CTWebsite →

Brands Owned

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Owns 1 brand in our database

Restaurants & Fast Food

Brands Owned by LongRange Capital (1)

Pizza Hut

Restaurants & Fast Food

Yum! Brands agreed in June 2026 to sell Pizza Hut for $2.7B in two transactions: LongRange Capital takes the business outside mainland China for ~$1.5B plus a $75M earn-out through 2030, and Yum China bought the mainland China locations for $1.2B (closed August 7, 2026). LongRange gets 15,500+ restaurants in 108 countries and ~$10B in annual systemwide sales. The chain arrives with US systemwide sales down ~8% in fiscal 2025, same-store sales down 4% in Q1 2026, and roughly 250 US locations closed in the first half of 2026