US private equity firm Sixth Street buys Wingstop UK franchise

Wingstop has 57 restaurants in the UK.

US private equity firm Sixth Street reached an agreement to acquire the majority stake in  Lemon Pepper Holdings, the UK operator of Wingstop.

The terms of the deal were not disclosed but reports from various news outlets have said the deal was valued at £400m.

“This is a major step in our journey as we build the pre-eminent fast casual restaurant brand in the UK and Ireland. 2025 is shaping up to be another landmark year and our focus remains on growing sustainably with the agility to seize the right opportunities as they arise. The partnership with Sixth Street represents an excellent strategic and cultural fit for Wingstop UK,” Chris Sherriff, CEO at Wingstop UK said.

Freeths advised Wingstop UK on the sale.

Wingstop has 57 restaurants in the UK.