Add-on Acquisition • Restaurants

Foodtastic Acquires Freshii

On December 19, 2022, Foodtastic acquired restaurant Freshii for 74M USD

Acquisition Context

This is Foodtastic’s 3rd transaction in the Restaurants sector.
This is Foodtastic’s largest (disclosed) transaction.
This is Foodtastic’s 4th transaction in Canada.
This is Foodtastic’s 4th transaction in Ontario.

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M&A Deal Summary
Date	December 19, 2022
Target	Freshii
Sector	Restaurants
Buyer(s)	Foodtastic
Deal Type	Add-on Acquisition
Deal Value	74M USD
Advisor(s)	CIBC Capital Markets (Financial) Osler (Legal)

Target Company

Freshii

Toronto, Ontario, Canada

Freshii is a health-casual restaurant brand that serves fresh food designed to energize people on the go. With a diverse and completely customizable menu of breakfast, soups, salads, wraps, bowls, burritos, frozen yogurt, juices and smoothies served in an eco-friendly environment, Freshii caters to every taste and dietary preference. Freshii was formed in 2005 and is based in Toronto, Ontario.

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Buyer Overview 1

Buyer

Foodtastic

Montreal, Quebec, Canada

Category	Company
Founded	2016
Sector	Franchising

DESCRIPTION

Foodtastic provides restaurant franchising business. The Company operates as a franchisor of multiple restaurant concepts including, La Belle et La Boeuf, Carlos & Pepe's, Souvlaki Bar, Nickels, and Bacaro. Foodtastic was founded in 2016 and is based in Montreal, Quebec.

Deal Context for Buyer	#
Overall	4 of 5
Sector: Restaurants	3 of 4
Type: Add-on Acquisition	3 of 4
State: Ontario	4 of 4
Country: Canada	4 of 5
Year: 2022	2 of 2
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-12-02	Quesada Burritos & Tacos Toronto, Ontario, Canada Quesada Burritos & Tacos is a quick-service restaurant brand that sparked the rise of the burrito category in Canada. Quesada Burritos & Tacos was formed in 2004 and is based in Toronto, Ontario.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-12-02

Quesada Burritos & Tacos

Toronto, Ontario, Canada

Quesada Burritos & Tacos is a quick-service restaurant brand that sparked the rise of the burrito category in Canada. Quesada Burritos & Tacos was formed in 2004 and is based in Toronto, Ontario.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2024-02-13	Archibald Microbrasserie Lac-Beauport, Quebec, Canada Archibald Microbrasserie is produced of innovative brews, which are then offered, not only in restaurants but throughout the province, in most grocery stores, convenience stores and supermarkets. Archibald are passionate about great beers and amazing food. They thrive to create approachable experiences that bring friends and families together around a good meal. Archibald Microbrasserie was founded in 2005 and is based in Lac-Beauport, Quebec.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2024-02-13

Archibald Microbrasserie

Lac-Beauport, Quebec, Canada

Archibald Microbrasserie is produced of innovative brews, which are then offered, not only in restaurants but throughout the province, in most grocery stores, convenience stores and supermarkets. Archibald are passionate about great beers and amazing food. They thrive to create approachable experiences that bring friends and families together around a good meal. Archibald Microbrasserie was founded in 2005 and is based in Lac-Beauport, Quebec.

Buy

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