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News about company buy outs and mergers

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.

Independent Franchisee Association Supports Roark Acquisition of Buffalo Wild Wings

BWW at nightBuffalo Wild Wings franchisee owners are speaking up in favor of private equity firm Roark Capital acquiring their publicly traded franchisor (NASDAQ:BWLD) to take it private. Roark Capital's subsidiary Arby's Restaurant Group Inc. agreed to buy Buffalo Wild Wings Inc. for $157 per share. On December 4 independent franchisee association Franchise Business Services, which Buffalo Wild Wings' franchise owners created to represent their interests some 15 years ago, announced that it is endorsing the acquisition.

Roark Buys Buffalo Wild Wings for $2.9 Billion

Inside a Buffalo Wild Wings restaurant during March Madness basketball games
Inside a Buffalo Wild Wings during last year's March Madness (photo:sniegowski)

Atlanta-based private equity firm Roark Capital Group agreed to purchase publicly traded Buffalo Wild Wings Inc. [NASDAQ: BWLD] of Minneapolis for $157 per share, approximately $2.9 billion, which includes taking over Buffalo's net debt.

Roark Bid for Buffalo Wild Wings Too Low?

Buffalo Wild Wings restaurant

Roark Capital, which has an impressive portfolio of franchise brands, is said to have made an offer on Monday to buy franchisor Buffalo Wild Wings at $150 per share. That caused B-Dubs shares to soar by as much as 28 percent as of today (Tuesday). But is $150 a share too low? Marcato Capital Management, the activist investor company which holds shares in BWW and has been shaking up management, might think so.

Panera Bread To Acquire Au Bon Pain, CEO Shaich to Step Down

Au bon pain
photo by m01229 on Flickr

Panera Bread, a franchise chain of 2,050 bakery-cafes, announced today that it has agreed to acquire Au Bon Pain Holding Co. Inc. for an undisclosed amount.

Q & A: Denney on MBE Worldwide's Plans for Alphagraphics

Quick print shop franchisor Alphagraphics announced on October 4 that it had been bought out by Italy-based MBE Worldwide for $61 million. MBE Worldwide’s corporate development and strategy director Tim Denney spoke with Blue MauMau about his firm’s acquisitions of Postnet and Alphagraphics and what franchisees can expect.

NRD Capital to Buy Ruby Tuesday, Will Hang Its Name on Firm by Early 2018

Ruby Tuesday restaurantAfter reporting declining revenue and same-store sales for the quarter, Ruby Tuesday Inc. (NYSE:RT) announced on Monday that it has agreed to be acquired by NRD Capital, a private equity firm that is owned and led by franchisees and other experts who invest in franchising firms.

Regis Refranchises All Its Mall-Based Hair Salons

Regis SalonsMinneapolis-based hair-care franchisor Regis Corporation (NYSE: RGS) announced Monday that it has sold substantially all of its company-owned mall-based hair salons in North America.

Icahn Buys Franchisors AAMCO and Cottman

AAMCO TransmissionsIcahn Enterprises (NASDAQ: IEP) announced Monday that it has acquired American Driveline Systems (ADS) from private equity firm Transom Capital Group. ADS is the franchisor of troubled AAMCO and Cottman Transmission & Total Auto Care service centers.