M&A Deal Summary

Rammp Acquires Mr. Mikes Steakhouse and Bar

On January 31, 2011, Rammp acquired restaurant Mr. Mikes Steakhouse and Bar from Yellow Point Equity Partners

Acquisition Highlights
  • This is Rammp’s 1st transaction in the Restaurants sector.
  • This is Rammp’s 1st transaction in Canada.
  • This is Rammp’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2011-01-31
Target Mr. Mikes Steakhouse and Bar
Sector Restaurants
Buyer(s) Rammp
Sellers(s) Yellow Point Equity Partners
Deal Type Add-on Acquisition

Target

Mr. Mikes Steakhouse and Bar

Burnaby, British Columbia, Canada
website
Mr. Mikes Steakhouse and Bar is an operator of casual dining chains in western Canada. The brand has been transformed in the last couple of years and focuses on providing a mid-priced steakhouse alternative. The concept is popular in smaller communities like Fort St. John and Grande Prairie, as well as suburban locations such as Surrey and Sherwood Park. Mr. Mikes Steakhouse and Bar was founded in 1960 and is based in Burnaby, British Columbia.

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Buyer(S) 1

Buyer

Rammp

Burnaby, British Columbia, Canada

website


Category Company
Founded 2009
Sector Franchising
DESCRIPTION

Rammp is an operator of a chain of restaurants. Rammp Hospitality Brands build national hospitality brands through long-standing and profitable franchisees that are well supported by leading processes and practices at the franchisor level. RAMMP Hospitality Brands is the parent of Mr. Mikes SteakhouseCasual, a fast-growing casual dining chain with a national presence. Mr. Mikes provides a delicious mid-priced steakhouse alternative in its fun, inviting restaurants. Rammp was founded in 2009 and is based in Burnaby, British Columbia.


DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Yellow Point Equity Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Yellow Point Equity Partners is a private equity group focused on management buyouts and growth investments in mid-sized companies located in Western Canada and the Northwest of the US. Yellow Point will consider opportunities in a wide range of sectors, including basic manufacturing, technology, communications, energy, financial, healthcare, and services. The Firm 'gravitates' towards businesses with established market positions and 'compelling' products. Yellow Point Equity Partners was formed in 2004 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 4 of 12
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (British Columbia) 3 of 8
Country (Canada) 4 of 12
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 CBI Health

Toronto, Ontario, Canada

CBI Health is a provider of integrated health care services nationwide, offering comprehensive services in physiotherapy, occupational, behavioral and exercise therapies, as well as physician, chiropractic, psychology, nursing, speech, massage, home health and eldercare services. CBI Health was founded in 1982 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-05 CBV Collection Services

Vancouver, British Columbia, Canada

CBV Collection Services Ltd. is a North American accounts receivable management company. The company has long-standing relationships with numerous prominent blue-chip customers including the leading North American chartered banks, the major telecommunication companies and several government institutions.

Buy -