Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

VCPro Database 2014 (17th Edition) Now Available! Newly released


Venture Capital Deals Spreadsheet Now Available Newly released


 

TPG Growth Joins with Management to Acquire PJ United

FORT WORTH, Texas & BIRMINGHAM, Ala., January 9, 2014-- TPG Growth, the middle market buyout and growth equity investment platform of TPG, and company management announced today they have acquired PJ United, the largest franchisee of Papa John’s Pizza, from The Halifax Group. Terms of the transaction were not disclosed.

Headquartered in Birmingham, AL, PJ United operates 155 stores across 10 states. Over its 22 year history, PJ United has grown into a leading restaurant operator in the pizza category, with one of the most experienced management teams in the industry.

“TPG Growth has a great track record of building businesses and there is no better partner to support our next stage of growth,” said Doug Stephens, Chief Executive Officer of PJ United. “TPG brings experience and resources that will help us sustain our strong organic growth and further expand our footprint through additional acquisitions, allowing us to serve more customers and provide more opportunities for our 3,600 team members.”

“We are excited to partner with Doug Stephens and the entire PJ United team to build on their already superior operational performance and impressive growth,” said Sanjay Banker, Principal at TPG Growth. “With differentiated quality, compelling marketing, and a superior customer experience, Papa John’s has proven to be the most attractive national pizza brand and we look forward to joining the Papa John’s franchisee community.”

About PJ United

Founded in 1991, PJ United is the country’s largest franchisee of Papa John’s Pizza. Headquartered in Birmingham, Alabama, PJ United operates 155 stores in Alabama, Illinois, Louisiana, Mississippi, Missouri, Tennessee, Texas, Ohio, Utah, and Virginia. Papa John's is well-known for its emphasis on quality, premium pizzas through the "Better Ingredients, Better Pizza" approach. For twelve out of the last fourteen years, consumers have rated Papa John's No. 1 in customer satisfaction among all national pizza chains in the highly regarded American Customer Satisfaction Index. For more information, visit www.papajohns.com.

About TPG Growth

TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With $3.6 billion under management, TPG Growth targets investments in a broad range of industries and geographies, utilizing leveraged buyout, growth equity, and private investment in public equity (PIPE) structures. The firm is backed by the resources of TPG, which has $55.7 billion of assets under management. TPG Growth has offices in the United States, China and India. For more information, visit www.tpggrowth.com.

Contact:
Owen Blicksilver Public Relations, Inc.
Owen Blicksilver
516-742-5950
owen@blicksilverpr.com


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals New
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

Venture Capital StarterPak
VC Pitch
Private Placement Memorandum
Confidentiality Agreement Package
Series A Preferred Term Sheet
Bridge Financing Contract
Employment Agreements
Understanding Employee Stock Options

Business Plan Tools

Free Business Plan Template
Sample Business Plans
Business Plan Pro

 

 

Copyright © 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer