M&A Deal Summary

GoTo Foods Acquires Jamba

On August 2, 2018, GoTo Foods acquired restaurant Jamba from Mistral Equity Partners for 200M USD

Acquisition Highlights
  • This is GoTo Foods’ 3rd transaction in the Restaurants sector.
  • This is GoTo Foods’ largest (disclosed) transaction.
  • This is GoTo Foods’ 6th transaction in the United States.
  • This is GoTo Foods’ 1st transaction in California.

M&A Deal Summary
Date 2018-08-02
Target Jamba
Sector Restaurants
Buyer(s) GoTo Foods
Sellers(s) Mistral Equity Partners
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) North Point Advisors LLC (Financial)
DLA Piper (Legal)

Target

Jamba

Emeryville, California, United States
Jamba, Inc. is a global healthy lifestyle brand that inspires and simplifies healthful living through freshly blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements. Jamba's blends are made with premium ingredients free of artificial flavors and preservatives so guests can feel their best and blend the most into life. Jamba Juice® has more than 800 locations worldwide.

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Buyer(S) 1

Buyer

GoTo Foods

Atlanta, Georgia, United States
Category Company
Founded 1934
Sector Franchising
DESCRIPTION
Focus Brands' headquarters in Atlanta, Georgia.
Focus Brands' headquarters in Atlanta, Georgia.

GoTo Foods is a franchisor and operator of ice cream stores, bakeries, restaurants, and cafes. GoTo Foods was founded in 1934 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 6 of 6
Sector (Restaurants) 3 of 3
Type (Add-on Acquisition) 5 of 5
State (California) 1 of 1
Country (United States) 6 of 6
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 Auntie Anne s

Lancaster, Pennsylvania, United States

Auntie Anne's, Inc. is a franchisor of the hand-rolled soft pretzels franchise known for mixing, twisting, and baking pretzel products to golden brown perfection in full view of customers.

Buy -

Seller(S) 1

SELLER

Mistral Equity Partners

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 300M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Mistral Equity Partners is a consumer/media focused private equity firm. The Firm specifically looks to invest in North American retail, consumer products/services, food, and advertising opportunities. Mistral's target equity investment size is $1 to $15 million for growth investments and $25 to $50 million for buyout opportunities. Prospective transaction situations include leveraged acquisitions, build-ups, recapitalizations, restructurings, and pre-IPO growth financings. Mistral Equity Partners was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 5 of 6
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 2
Country (United States) 5 of 6
Year (2018) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 Lovesac

Stamford, Connecticut, United States

Lovesac is an omnichannel retailer of patented furniture products. Lovesac designs furniture for real life, including Sactionals, extremely modular, washable sectional sofas; Sacs®, high end, foam-filled bean bag chairs; and other comfy lifestyle products. Lovesac was founded in 1995 and is based in Stamford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 PetWise

Novato, California, United States

PetWise is an industry manufacturer and distributor of branded pet products and accessories. PetWise distributes its products through a diverse mix of channels including e-Commerce, mass merch, pet specialty, club, grocery and others. PetWise was founded in 1991 and is based in Novato, California.

Sell -
Mergr

Product

Company

Legal