PE firms mulling bids for Kuwait’s Americana
02/07/2014 3:22 am EDT

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KKR & Co (KKR) and TPG Capital are among at least six private-equity groups exploring the purchase of food manufacturer and restaurant operator Kuwait Food Co (Americana) from the biggest shareholder, the Al-Kharafi family, Bloomberg has reported, citing people with knowledge of the matter. Other bidders interested in Ameriana, which could be valued at about $5bn, include CVC Capital Partners and Advent International Corp, the people said. Americana is the franchise operator of restaurants such as KFC, TGI Friday’s Inc. and Pizza Hut in the Middle East and North Africa region.

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