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  6. Caribou Coffee Co Acquires Bruegger s Bagels

M&A Deal Summary

Caribou Coffee Co Acquires Bruegger s Bagels

On August 24, 2017, Caribou Coffee Co acquired restaurant Bruegger s Bagels from Canal Holdings

Acquisition Highlights
  • This is Caribou Coffee Co’s 1st transaction in the Restaurants sector.
  • This is Caribou Coffee Co’s 1st transaction in the United States.
  • This is Caribou Coffee Co’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-08-24
Target Bruegger s Bagels
Sector Restaurants
Buyer(s) Caribou Coffee Co
Sellers(s) Canal Holdings
Deal Type Add-on Acquisition

Target

Bruegger s Bagels

Dallas, Texas, United States
Bruegger's Enterprises, Inc. specializing in bagels, operates 285 bakery-cafes in 23 states and D.C. Bruegger's bakery-cafes, including its 100 franchise locations, offer a wide variety of freshly-baked bagels, pieces of bread and wraps, signature sandwiches, crisp salads, hearty soups, natural cream cheeses, gourmet coffee, and indulgent desserts. Bruegger's Enterprises was founded in 1983 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Caribou Coffee Co

Minneapolis, Minnesota, United States
Category Company
Founded 1992
Sector Restaurants
Revenue 327M USD (2012)
DESCRIPTION
Caribou coffee location in the Canal Park area of Duluth, Minnesota.
Caribou coffee location in the Canal Park area of Duluth, Minnesota.

Caribou Coffee Company, Inc. is a privately held company operates chain of coffee stores with locations across the Midwest. The Company was formed in 1972 and is based in Minneapolis.

DEAL STATS #
Overall 1 of 1
Sector: Restaurants M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Canal Holdings

Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 35M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Canal Holdings is a private equity firm investing junior capital (subordinated debt and minority equity) in growing businesses at the smaller end of the middle-market. Canal provides investment capital and strategic insight to the owners and management teams of closely held companies. Companies seek Canal’s investment to finance growth, acquisitions, buy?outs and recapitalizations. Canal looks to invest with independent sponsors and experienced management teams. Canal Holdings was formed in 2005 and is headquartered in Twinsburg, Ohio.

DEAL STATS #
Overall 4 of 6
Sector: Restaurants M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Parker Insights

Milford, Ohio, United States

Parker Insights provides custom market research to build strong, compelling brands. Parker Insights was founded in 1985 and is based in Milford, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-30 MD2U Management

Louisville, Kentucky, United States

MD2U Management LLC is an in-home primary healthcare care network that provides consistent, quality care for home-bound and home-limited patients. MD2U Management was founded in 2004 and is based in Louisville, Kentucky.

Sell -
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