Today, K-MAC operates over 300 Taco Bell restaurants, primarily located in the Midwestern and Southern United States and represents approximately 4 percent of the entire Taco Bell system, the industry leader in the Mexican quick service restaurant (QSR) space. Recently, Mubadala Capital led a US$700 million investment round into REEF Technology, a US-based proximity-as-a-service platform enabling and accelerating the growth of the North American on-demand economy underpinned by food delivery with a portfolio that includes a number of leading QSR restaurant concepts in the United States.įounded in 1964, K-MAC has established a strong track record of growth through a combination of new store openings and strategic acquisitions. Mubadala Capital has significant experience in the Food and Beverage space, having invested approximately US$1.8 billion over the past seven years in this sector. Apple Fitness+ requires iOS 14.3 or later, iPadOS 14.3 or later, watchOS 7.2 or later, and tvOS 14.3 or later. This is an exciting time for our business as we seek to build upon a loyal customer base to drive value through increased use of technology and digital presence alongside our new partner, Mubadala Capital." An Apple Fitness+ subscription is required for all participants in a SharePlay Group Workout. Tina Reagan, Chief Operating Officer at K-MAC, said, "Mubadala Capital brings a unique network and new perspective to this partnership, and we are delighted to partner with an organisation that understands us as a management team, the value of operating excellence and the importance of our employees. Their expertise is perfectly suited to capitalise on value creation opportunities that can be found within our existing portfolio of consumer and food services assets as well as our global network." They have built an exceptional business with a 40-year track record of innovation alongside the Taco Bell brand, as well as industry-leading operating performance that we are collectively looking to leverage across new concepts and formats to better serve each of their key demographics. ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 14th Oct, 2021) Mubadala Capital, the Abu Dhabi-based asset management subsidiary of Mubadala Investment Company, one of the world’s leading sovereign investors with US$243 billion of assets under management, today announced the acquisition of K-MAC Enterprises (K-MAC) from Lee Equity Partners Opportunities Fund in partnership with the existing management team.Ĭommenting on the acquisition, Adib Martin Mattar, Head of Private Equity at Mubadala Capital, said, "The management team at K-MAC are among the best operators we have come across as an organisation, and we could not be happier to partner with them to drive K-MAC’s next phase of growth.
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