M&A Deal Summary

Act III Holdings Acquires Tatte Bakery & Cafe

On January 1, 2018, private equity firm Act III Holdings acquired restaurant Tatte Bakery & Cafe from Panera Bread

Acquisition Highlights
  • This is Act III Holdings’ 1st transaction in the Restaurants sector.
  • This is Act III Holdings’ 1st transaction in the United States.
  • This is Act III Holdings’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-01-01
Target Tatte Bakery & Cafe
Sector Restaurants
Buyer(s) Act III Holdings
Sellers(s) Panera Bread
Deal Type Divestiture

Target

Tatte Bakery & Cafe

Cambridge, Massachusetts, United States
Tatte Bakery & Cafe is a bakery and cafe chain offering baked goods, pastries, breakfast, lunch, and cafe-style meals in a fast-casual setting. The Company operates across various neighbourhoods, serving customers with a diverse menu that includes pastries, coffee, savory dishes, and all-day brunch. Tatte Bakery & Cafe was founded in 2007 and is based in Cambridge, Massachusetts.

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Buyer(S) 1

DESCRIPTION

Act III Holdings is a private investment firm focused on acquiring and investing in consumer brands, specifically restaurant concepts and entertainment companies. The Firm will consider businesses across the US and looks to partner with management teams in providing strategic advice and helping scale concepts nationally. Act III Holdings is based in Miami, Florida.


DEAL STATS #
Overall 1 of 4
Sector: Restaurants M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 2
Country: United States M&A 1 of 3
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 BJ s

Huntington Beach, California, United States

BJ's is a restaurant chain that owns and operates casual dining restaurants. BJ's restaurants operate under the BJ’s Restaurant & Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza & Grill, or BJ’s Grill names. BJ's was founded in 1978 and is based in Huntington Beach, California.

Buy -

Seller(S) 1

SELLER

Panera Bread

St. Louis, Missouri, United States

Category Company
Founded 1988
Sector Restaurants
Employees23,400
Revenue 2.8B USD (2016)
DESCRIPTION
Panera Bread's corporate headquarters in St. Louis, Missouri.
Panera Bread's corporate headquarters in St. Louis, Missouri.

Panera Bread is a national bakery-cafe concept with company-owned and franchise-operated bakery-cafe locations across the US and Canada. The Company's bakery-cafes are located in urban, suburban, strip mall, and regional mall locations and feature high-quality food in a warm, inviting, and comfortable environment. Panera Bread operates in three business segments: company bakery-cafe operations, franchise operations, and fresh dough and other product operations. Panera Bread was formed in 1988 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 2
Sector: Restaurants M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
State: Massachusetts M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Au Bon Pain

Boston, Massachusetts, United States

Au Bon Pain is a bakery cafe operator with company-owned and franchised stores operating globally. The Company's menu includes freshly baked goods, made-to-order sandwiches, soups, and cafe beverages. Au Bon Pain was founded in 1978 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Au Bon Pain

Boston, Massachusetts, United States

Au Bon Pain is a bakery cafe operator with company-owned and franchised stores operating globally. The Company's menu includes freshly baked goods, made-to-order sandwiches, soups, and cafe beverages. Au Bon Pain was founded in 1978 and is based in Boston, Massachusetts.

Sell -