Flynn Restaurant Group L.P., the nation’s largest franchisee and an operator of the Applebee’s and Taco Bell brands, closed Tuesday on a $300 million strategic investment from a Canadian teachers’ pension fund, a deal that brings the company’s value to more than $1 billion. With the investment, the Ontario Teachers’ Pension Plan, or OTPP, holds a more than 50-percent stake in the franchise operator. Joining the pension fund in the deal is Flynn Restaurant ...
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Contact: Desiree Torres Desiree.Torres@penton.com