Loyens & Loeff advised ASX listed company Collins Foods Limited (Collins) on the acquisition by its wholly owned subsidiary CFE Investments Ltd, of sixteen KFC restaurants located in the Netherlands from subsidiaries of Yum! Brands Inc (Yum!) for a purchase price of EUR 62.300.000. In addition, CFE investments Ltd entered into a Development Agreement with a subsidiary of Yum! in relation to the roll-out of more than 20 new KFC restaurants in the Netherlands by 31 December 2021. Collins Food is Australia’s largest KFC franchisee which also owns Sizzler and which recently acquired 11 KFC restaurants in Germany.
Loyens & Loeff acted as Dutch legal counsel to Collins. The Loyens & Loeff team was led by corporate partner Bas Vletter and the core team consisted of Roel Fluit and Lara Haanraadts (corporate / M&A).