Who is LongRange Capital? The Firm that purchased PizzaHut operation outside China

LongRange Capital is a private equity investment firm based in Stamford, Connecticut, founded in 2019 by Managing Partner Bob Berlin. We take a long-term view of middle-market investing and partner with management teams across corporate carve-outs, family businesses, and structured capital investments.

The firm made major global financial headlines on June 16, 2026, by entering a definitive agreement with Yum! Brands to acquire the global Pizza Hut business (excluding Mainland China) for $1.5 billion. The remaining Mainland China operations are being acquired by Yum China Holdings for $1.2 billion, bringing the total transaction value to $2.7 billion.

Firm Overview & Strategy

Investment Philosophy: Focuses on a company-focused, customer-first approach, offering flexible capital structures as either a majority or minority owner.

Backing: Funded by long-term institutional investors.

Target Segments: Middle-market companies headquartered in North America or Europe, with a preference for non-discretionary consumer products and services.

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Practical Information & Next Steps

According to details published on Business Wire, the landmark Pizza Hut transaction is expected to officially close in the third quarter of 2026, subject to standard regulatory approvals and closing conditions. Market analysts indicate that LongRange Capital plans to operate the franchise as a turnaround story, investing heavily in modernizing digital operations, delivery channels, and consumer experiences to better compete with rivals like Domino's.

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