Brentwood Associates sells Pizza Hut, Taco Bell franchisee to Nimes Capital

Consumer-focused private equity investment firm Brentwood Associates sold Pacific Island Restaurants Inc. to Nimes Capital last week, reported The Daily Journal. Honolulu-based Pacific Island Restaurants is the sole franchisee of Pizza Hut and Taco Bell restaurants throughout Hawaii, Guam and Saipan. The deal closed at the end of December, eight years after Brentwood purchased the company. Terms of the deal weren’t disclosed.
Brentwood’s managing director, Rahul Aggarwal, called the transaction a “successful investment,” reported The Daily Journal’s Connie Lopez. During the time Brentwood owned Pacific Island Restaurants, the company implemented call centers in the Pizza Hut system, opened six new restaurants and acquired six more.
2012 was a busy year for Brentwood Associates. In addition to selling Pacific Island Restaurants, Brentwood sold three other portfolio companies: Array Marketing Group, Filson Holdings and Ariat International.