Ontario Teachers invests $300 mln in U.S. restaurant franchise group

Ontario Teachers' Pension Plan has made a US$300 million investment in Flynn Restaurant Group LP, a U.S.-based restaurant franchise with 640 restaurants and US$1.4 billion in sales. The deal, done in partnership with Flynn's management team, acquired the interests previously held by U.S. private equity firms GS Capital Partners and Weston Presidio. The San Francisco-based Flynn, which the current transaction values at more than US$1 billion, said the Ontario Teachers' partnership would help it to grow through restaurant revitalizations, new restaurant development and potential new acquisitions.

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