Operator of KFC and Pizza Hut restaurants has raised growth capital from Practica Capital
Practica Capital, through its Practica Venture Capital fund, has signed an investment agreement to provide growth capital for UAB Fast Foods Group (FFG), the Baltic franchisee of Yum! Brands Inc., for the expansion of KFC and Pizza Hut restaurants in the region.
FFG currently operates three KFC and one Pizza Hut restaurants in Vilnius, Lithuania. In May 2013, the company was acquired by a private investor, who aimed to expand the business to at least seventeen restaurants in the Baltic countries by the end of 2016. To finance this expansion, FFC has received financial backing from a venture capital fund managed by Practica Capital.
Practica Capital is a venture capital firm established in 2011 in Lithuania by investment professionals and entrepreneurs who exited their businesses. The fund provides early and later-stage financing to Lithuanian SMEs, focusing on innovative and high-growth potential businesses. Practica Capital also runs the business accelerator Startup.lt, which helps young businesses to realize high growth potential.
Oaklins’ team in Lithuania advised UAB Fast Foods Group through the whole process of raising growth capital, developing an investment case, presenting it to potential investors, structuring and negotiating the deal.
![](/api/deal-hero-image/106214/deal-hero-image.jpg)
![](/api/deal-party-images/106214/deal-parties.png)
Talk to the deal team
Related deals
Garden care product manufacturer Doff Portland has been acquired by Pelsis Group
Global pest control manufacturer and supplier Pelsis Group has added Doff Portland to its product portfolio. Doff Portland becomes a wholly owned subsidiary within the group.
Learn moreRoyal Reesink has sold Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have completed the sale of Motrac Industries, a specialist in hydraulic and electrical engineering.
Learn moreManagement and founders of Sansidor have successfully invested alongside IK Partners
IK Partners has signed an agreement to invest in Sansidor, a fast-growing testing, inspection and related services provider. IK is investing in the group alongside existing shareholders HC Partners, founders of Sansidor’s group companies and the current management team.
Learn more