Investment Summary

Famous Brands Management Co. Invests In Cater Chain Food Services Pty

On December 8, 2014, Famous Brands Management Co. invested in food company Cater Chain Food Services Pty

Investment Highlights
  • This is Famous Brands Management Co.’s 2nd transaction in the Food sector.
  • This is Famous Brands Management Co.’s 2nd transaction in South Africa.

Investment Summary

Date 2014-12-08
Target Cater Chain Food Services Pty
Sector Food
Investor(s) Famous Brands Management Co.
Deal Type Stake Purchase

Target

Cater Chain Food Services Pty

Johannesburg, South Africa
Cater Chain Food Services Pty Ltd. is a producer and supplier of meat and food products.

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Investor(S) 1

Investor

Famous Brands Management Co.

Midrand, South Africa

Category Company
Founded 2001
Sector Restaurants
DESCRIPTION

Steers, South Africa’s leading burger brand has been serving South Africans its legendary 100% pure beef, flame-grilled burgers and handmade chips for almost 50 years. Steers has won the Leisure Options Award for the Best Burger for the past 17 years running, and Best Chips for the past 14. Steers success is due in part to its extensive network of 505 local restaurants together with its growing African footprint of 45 restaurants, operating in countries such as Nigeria, Mauritius and Zambia. Steers track-record proves that flame-grilled, just tastes better.


DEAL STATS #
Overall 2 of 7
Sector: Food M&A 2 of 3
Type: Stake Purchase M&A Deals 1 of 4
Country: South Africa M&A 2 of 6
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-19 Pleasure Foods Pty

Sunninghill, South Africa

Pleasure Foods Pty Limited operates a franchise system for branded quick service and counter service restaurants. Some of these brands include Wimpy, Juicy Lucy, Milky Lane, Market Café, and Whistle Stop. The company is based in Sunninghill, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 Mythos

Johannesburg, South Africa

Mythos is a restaurant chain that offers dining occasion, engagement, birthday party and various function.

Buy -