LongRange Capital turned to Paul Weiss to lead on its $1.5 billion acquisition of Pizza Hut from Yum! Brands Inc., the latest transaction featuring the Wall Street lawyers and the Connecticut-founded private equity firm.
Angelo Bonvino, the head of Paul Weiss Rifkind Wharton & Garrison’s corporate department, led the deal team along with partners Cullen Sinclair and Matthew Benedetto. LongRange is buying control of Pizza Hut, excluding mainland China, from Yum in a transaction expected to close in the third quarter.
“It is a fascinating deal because it’s a carve out which already sort of ratchets up the level of ...