M&A Deal Summary

Foodtastic Acquires Freshii

On December 19, 2022, Foodtastic acquired restaurant Freshii for 74M USD

Acquisition Highlights
  • This is Foodtastic’s 3rd transaction in the Restaurants sector.
  • This is Foodtastic’s largest (disclosed) transaction.
  • This is Foodtastic’s 4th transaction in Canada.
  • This is Foodtastic’s 4th transaction in Ontario.

M&A Deal Summary
Date 2022-12-19
Target Freshii
Sector Restaurants
Buyer(s) Foodtastic
Deal Type Add-on Acquisition
Deal Value 74M USD
Advisor(s) CIBC Capital Markets (Financial)
Osler (Legal)

Target

Freshii

Toronto, Ontario, Canada
Freshii is a health-casual restaurant brand that serves fresh food designed to energize people on the go. With a diverse and completely customizable menu of breakfast, soups, salads, wraps, bowls, burritos, frozen yogurt, juices and smoothies served in an eco-friendly environment, Freshii caters to every taste and dietary preference. Freshii was formed in 2005 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Foodtastic

Pierrefonds, Quebec, Canada
Category Company
Founded 2016
Sector Franchising
DESCRIPTION

Foodtastic provides restaurant franchising business. The Company operates as a franchisor of multiple restaurant concepts including, La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. Foodtastic was founded in 2016 and is based in Pierrefonds, Quebec.

DEAL STATS #
Overall 4 of 4
Sector (Restaurants) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Ontario) 4 of 4
Country (Canada) 4 of 4
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-02 Quesada Burritos & Tacos

Toronto, Ontario, Canada

Quesada Burritos & Tacos is a quick-service restaurant brand that sparked the rise of the burrito category in Canada. Quesada Burritos & Tacos was formed in 2004 and is based in Toronto, Ontario.

Buy -
Mergr

Product

Company

Legal