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Tech News
A franchise disclosure document from Jamba Juice reveals that 130 franchise agreements have ended over the last three years, contributing to a shrinking store count nationally. The private equity-backed smoothie chain disclosed the terminations as part of standard franchise filing requirements.
Sen. Elizabeth Warren and 12 congressional co-sponsors introduced federal legislation modeled on an Oregon law to prohibit private equity firms, insurers and management services organizations from owning or controlling medical practices. The bill responds to a sharp increase in corporate ownership of physician practices, which has climbed from 62 percent to over 80 percent of doctors employed by corporate entities in seven years.
Private equity firm Silver Lake is combining two of its portfolio companies, French business software maker Cegid and payroll platform Silae, into a single entity valued at over 10 billion euros. The merged company will unite payroll, accounting, e-invoicing and finance data under one roof, with a 1,400-person developer team dedicated to AI investment. The deal is expected to close in the first half of 2027 pending regulatory approval, with combined annual revenue projected at 1.9 billion euros.
Dick Portillo opened a hot dog stand in Chicago in 1963 with just $1,100, despite not knowing how to prepare a hot dog, and grew it into the Midwest's largest privately owned restaurant chain with 4,000 employees. In 2014 he sold Portillo's to private equity firm Berkshire Partners for nearly $1 billion, using the proceeds to buy a mansion, a private jet and a Florida waterfront home.
Yum Brands has finalized the sale of Pizza Hut to private equity firm LongRange Capital, closing a deal first announced in June. The transaction comes after the chain closed hundreds of restaurant locations over the past year amid ongoing struggles in the pizza segment.