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  6. Foodtastic Acquires Freshii

M&A Deal Summary

Foodtastic Acquires Freshii

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2022-12-19
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

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(S) 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 STATS #
Overall 4 of 5
Sector: Restaurants M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
State: Ontario M&A 4 of 4
Country: Canada M&A 4 of 5
Year: 2022 M&A 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 -
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 -
Mergr

Product

Company

Legal