Mubadala Investment completed the acquisition of Taco Bell and K-Mac Holdings from Lee Equity Partners.

Mubadala Investment, a sovereign investor managing a global portfolio, completed the acquisition of K-Mac Holdings, operator of 300 fast-food Taco Bell outlets, from Lee Equity Partners. Financial terms were not disclosed. "The deal reflects Mubadala Capital’s foray into the food and beverage sector, where it invested about $1.8bn in the past seven years alone. It also underlines the buyout division’s US focus, a destination for about 80% of its capital," Adib Martin Mattar, Mubadala Capital Head of Private Equity.