Pizza Hut is the largest pizza chain in the world with more than 12,000 Pizza Hut Restaurants and Delivery Units operating worldwide. There are approximately 270 stores are located in Australia.

In September 2016, Allegro, together with a local management buy-in (MBI) team, acquired the master franchisee licence for Pizza Hut in Australia from US-based parent company Yum! Brands, global owner of the Pizza Hut brand.

The company is headquartered in Sydney, with stores located nationally.

Pizza Hut was the fourth investment in Allegro
Fund II.