For announced transactions, restaurant multiples saw a modest increase from 10.1x EBITDA and 0.86x revenue in 2014 to 10.1x EBITDA and 1.03x revenue in 2015.
Recent notable publicly announced M&A transactions:
– BDT Capital Partners made a significant investment in Lou Malnati’s for an undisclosed sum. The deal is expected to close in early October.
-Roark Capital Group acquired majority stake in Jimmy John’s Franchise, LLC for an undisclosed amount.
-The Arlon Group acquired Cicis for an undisclosed amount.
-CenterOak Partners LLC acquired an unknown majority stake in Wetzel’s Pretzels, LLC for an undisclosed amount.
-MTY Food Group Inc. entered into a definitive agreement to acquire Kahala Corp. for approximately $300 million.
-Cotton Parent, Inc. entered into a definitive agreement to acquire Krispy Kreme Doughnuts, Inc. for approximately $1.3 billion.
-Brinker International, Inc. entered into a definitive agreement to acquire Pepper Dining, Inc. for approximately $106 million.
-Peakstone advises PepperJax Grill on sale of company to TA Associates for an undisclosed amount.Download Report