M&A Deal Summary

City Capital Ventures Acquires Rackson Restaurants

On January 21, 2021, growth capital firm City Capital Ventures acquired restaurant Rackson Restaurants

Acquisition Highlights
  • This is City Capital Ventures’ 2nd transaction in the Restaurants sector.
  • This is City Capital Ventures’ 5th transaction in the United States.
  • This is City Capital Ventures’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-01-21
Target Rackson Restaurants
Sector Restaurants
Buyer(s) City Capital Ventures
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Mastodon Ventures (Financial)
Mayer Brown (Legal)

Target

Rackson Restaurants

Bridgewater, New Jersey, United States
Rackson Restaurants is a 65+ unit QSR franchisee of Burger King restaurants with locations across six states in the Northeastern and Mid-Atlantic U.S. Rackson Restaurants was founded in 2013 and is based in Bridgewater, New Jersey.

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Buyer(S) 1

Buyer

City Capital Ventures

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Small
Type Sector Agnostic
DESCRIPTION

City Capital Ventures is an investment firm that looks invest in partnership with an network of family offices and other, long-term minded private investors. The Firm is sector and stage agnostic and will consider opportunities throughout the US. City Capital Ventures is part of City Capital, boutique investment and advisory firm. City Capital Ventures is based in Chicago, Illinois.

DEAL STATS #
Overall 6 of 8
Sector (Restaurants) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 6
State (New Jersey) 1 of 1
Country (United States) 5 of 7
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-08 Redberry Group

Mississauga, Ontario, Canada

Redberry Group is a quick-service restaurant franchisee in North America with 134 total restaurants consisting of 111 Burger King restaurants and 23 Pizza Hut restaurants, all located in Canada. Redberry is the largest Burger King franchisee in Canada with roughly 40% of the brand’s footprint in Canada. Redberry Group was founded in 2005 and is based in Mississauga, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 GreenTech Environmental

Johnson City, Tennessee, United States

GreenTech Environmental is a provider of air purification system using its technologies available for consumers with portable and personal systems and commercial HVAC systems for use in office buildings, hotels, in-door stadiums, and more. The company is best known for its unique multi-technology approach to air purification. These technologies actively clean the air and surfaces in thousands of homes and commercial buildings across the globe. GreenTech Environmental was formed in 2009 and is based in Johnson City, Tennessee.

Buy -
Mergr

Product

Company

Legal