KM Capital, a Mexico-based private investment firm, has become Papa Johns' new franchise partner in Mexico, taking over 44 existing restaurants and signalling plans to grow the brand. Under the agreement, the firm will assume leadership of the existing estate and pursue what both sides described as a renewed focus on commercial growth, operational excellence, and new restaurant development. KM Capital invests alongside entrepreneurs and management teams and describes its approach as combining strategic investment with operational improvement and financial discipline.

Papa Johns has flagged Mexico, the world’s third-largest pizza market, as a priority within its international expansion. This partnership is designed to add restaurants over time alongside continued investment in operations and brand development.