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Mubadala Capital, an asset management subsidiary, bought K-MAC from Lee Equity Partners Opportunity Fund, the unit said in the statement.
K-MAC operates over 300 Taco Bell restaurants, mostly in the midwestern and southern United States, it said.
U.S. investment bank Goldman Sachs (NYSE:GS) advised Mubadala Capital, while Bank of America (NYSE:BAC) and North Point advised the seller.
