Add-on Acquisition • Restaurants

Imvescor Restaurant Group Acquires Ben & Florentine Restaurants

On December 20, 2016, Imvescor Restaurant Group acquired restaurant Ben & Florentine Restaurants for 18M

Acquisition Context
  • This is Imvescor Restaurant Group’s 1st transaction in the Restaurants sector.
  • This is Imvescor Restaurant Group’s 0th largest (disclosed) transaction.
  • This is Imvescor Restaurant Group’s 1st transaction in Canada.
  • This is Imvescor Restaurant Group’s 1st transaction in Quebec.

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M&A Deal Summary

Date December 20, 2016
Target Ben & Florentine Restaurants
Sector Restaurants
Buyer(s) Imvescor Restaurant Group
Deal Type Add-on Acquisition
Deal Value 18M

Target Company

Ben & Florentine Restaurants

Saint-Laurent, Quebec, Canada
Ben & Florentine Restaurants, Inc. is a franchisor in the breakfast and lunch category with over 40 locations across Quebec, Ontario and Manitoba. Company restaurants are designed to create the perfect atmosphere for spending quality time with friends, family and a great place for business meetings.
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Buyer Overview 1

Buyer

Imvescor Restaurant Group

Montreal, Quebec, Canada

Category Company
Founded 1967
Sector Restaurants
Employees263
Revenue 276M CAD (2017)
DESCRIPTION

Imvescor Restaurant Group Inc. is an own and operator of restaurants in Eastern Canada under four banners: Pizza Delight® , operating primarily in Atlantic Canada, in the family/mid-scale segment, Toujours Mikes and Scores® , operating primarily in Québec in the family and casual dining segments and the take-out and delivery segments, and Bâton Rouge® , operating in Québec, Ontario and Nova Scotia in the casual dining segment. The Company also licenses to third parties the right to manufacture and sell prepared food products under the Pizza Delight® , Toujours Mikes, Scores® and Bâton Rouge® brands and, through its wholly-owned subsidiary, Groupe Commensal Inc., manufactures and sells vegetarian branded food products in grocery stores and retail outlets under the Commensal® brand.


Deal Context for Buyer #
Overall 1 of 1
Sector: Restaurants 1 of 1
Type: Add-on Acquisition 1 of 1
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2016 1 of 1