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Log In / Register | Feb 24, 2018
News about company buy outs and mergers

Jollibee Foods Now Majority Owner of Smashburger in $100M Deal

Smashburger announced this week that Jollibee Foods Corporation has agreed to acquire an additional 45 percent of the Smashburger brand for $100 million, bringing its ownership stake to 85 percent.

Sentinel Capital Sells Franchisor Huddle House

A Huddle House franchised casual dinerA private equity firm that invests in lower mid-market companies, Sentinel Capital Partners, announced yesterday that it has sold franchisor Huddle House Inc. for an undisclosed amount. The buyer was not disclosed.

Choice Hotels Completes Acquisition of Franchisor WoodSpring Suites

WoodSpring Suites in Seattle Everett
WoodSpring Suites room in Everett, WA. (photo/Choice)

Choice Hotels International, Inc. (NYSE:CHH) announced today that it has completed its acquisition of WoodSpring Hotels LLC. The intent to buyout the franchising firm that oversees 240 extended-stay hotels was announced a month and a half ago.

7-Eleven Grows Significantly in U.S. and Canada through Acquisition of Sunoco C-Stores

A Sunoco gas station and attached convenience store in Kentucky7-Eleven Inc., the North American convenience chain subsidiary of Japan’s Seven & i Holdings Co., Ltd., announced today that it has completed its acquisition of nearly 1,030 Sunoco convenience stores in 17 states.

Wyndham to Buy La Quinta for $1.95 Billion

Richardson, Texas, La Quinta. Photo/La Quinta

Wyndham Worldwide Corporation [NYSE:WYN] announced this morning that it has agreed to acquire La Quinta’s hotel franchise and operations management businesses for $1.95 billion in cash.

Independent Franchisee Association Supports Qdoba Acquisition

The independent association of Qdoba restaurant owners today announced endorsement of the purchase of Qdoba Restaurant Corp. by private equity firm Apollo Global Management [NYSE:APO] for approximately $305 million. The transaction is expected to be finalized in April 2018.

Apollo Buys Qdoba for $305M

Qdoba restaurant

Jack in the Box Inc. [NASDAQ:JACK] announced today that it is selling its subsidiary Qdoba Restaurant Corporation to Apollo Global Management [NYSE:APO] for $305 million.

Sentinel Capital Acquires Captain D’s

Captain D'sSentinel Capital Partners announced Monday that it has acquired franchisor Captain D’s for an undisclosed amount. The private equity firm bought the seafood quick service restaurant franchisor from Centre Partners, which bought Captain D’s four years ago.

MTY Food Group Buys Imvescor Restaurant Group for US$193M and The Counter for US$25M

Scores restaurant

On December 12 Montreal-based MTY Food Group Inc. [TSX:MTY] announced that it has entered into yet another acquisition deal. Earlier this month it completed the acquisition of The Counter and in October it acquired Dagwoods Sandwiches and Salads. This time it is acquiring fellow Eastern Canada-based franchisor Imvescor Restaurant Group Inc. for C$248 million, which at current exchange rates is US$193 million. Imvescor will have one nominee on MTY’s board of directors.

Ruth’s Hospitality Completes Acquisition of Hawaii Restaurants

Ruth's Chris Waikiki 2017
Setting up for Christmas 2017 at Ruth's Chris Waikiki

Winter Park, Florida-based Ruth’s Hospitality Group Inc. (RHGI) (NASDAQ: RUTH) announced on Tuesday that it has completed its previously announced acquisition of six Ruth’s Chris restaurants in Hawaii from its longtime franchisee, Desert Island Restaurants, for approximately $35 million in cash.