M&A Deal Summary

Cava Acquires Zoe’s Kitchen

On August 17, 2018, Cava acquired restaurant Zoe’s Kitchen for 300M USD

Acquisition Highlights
  • This is Cava’s 1st transaction in the Restaurants sector.
  • This is Cava’s largest (disclosed) transaction.
  • This is Cava’s 1st transaction in the United States.
  • This is Cava’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-08-17
Target Zoe’s Kitchen
Sector Restaurants
Buyer(s) Cava
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) Piper Jaffray Companies (Financial)
GreenbergTraurig (Legal)

Target

Zoe’s Kitchen

Plano, Texas, United States
Zoe’s Kitchen, Inc. is a fast-casual restaurant group serving a distinct menu of fresh, wholesome, made-from-scratch, Mediterranean-inspired dishes delivered with warm hospitality. Zoe’s Kitchen wasz founded in 1995 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

Cava

Washington, District of Columbia, United States
Category Company
Founded 2011
Sector Restaurants
Employees8,100
Revenue 729M USD (2023)
DESCRIPTION

Cava owns and operator of 60 chef-casual restaurants across 10 states and a successful line of chef-crafted dips and spreads sold in more than 250 Whole Foods Market locations and other speciality grocery stores around the country. Cava was formed in 2011 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal