Private equity firm TPG is making its first Saudi Arabian deal, joining forces with Middle East-focused PE firm the Abraaj Group to invest in Saudi Arabian food chain Kudu. 

The target, Kudu, is a Saudi Arabian food group that has fast food and fast-casual restaurants, as well as coffee shops across the country, that sell sandwiches, hamburger, breakfast items, kids' meals and beverages. The group has five brands with more than 290 locations. Greg Helton, formerly of Burger King and Popeyes, has been put in place as Kudu's CEO.

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