M&A Deal Summary

Max s Group Acquires Pancake House Group

On February 26, 2014, Max s Group acquired restaurant Pancake House Group from The Abraaj Group

Acquisition Highlights
  • This is Max s Group’s 1st transaction in the Restaurants sector.
  • This is Max s Group’s 1st transaction in Philippines.

M&A Deal Summary

Date 2014-02-26
Target Pancake House Group
Sector Restaurants
Buyer(s) Max s Group
Sellers(s) The Abraaj Group
Deal Type Add-on Acquisition

Target

Pancake House Group

Makati City, Philippines
Pancake House Group, Inc. is an operator of fast casual dining chain in the philippines. The company owns and operates seven restaurant brands—Pancake House, Dencio’s, Teriyaki Boy, Sizzlin’ Pepper Steak, Le Coeur de France, The Chicken Rice Shop and Yellow Cab Pizza.

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Buyer(S) 1

Buyer

Max s Group

Makati City, Philippines

Category Company
Sector Restaurants
DESCRIPTION

Max's Group, Inc. is an operator of franchising restaurants and food brands.


DEAL STATS #
Overall 1 of 1
Sector: Restaurants M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

The Abraaj Group

Dubai, United Arab Emirates

Category Asset Manager
Founded 2002
PE ASSETS 7.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Abraaj Capital Limited is a private equity firm that seeks investments in the Middle East, North Africa, and South Asia. Abraaj looks for stable, mature businesses and uses a 'buy and build' strategy for growth. Areas of interest include aerospace, healthcare, transportation, financial services, leisure, education, energy, and manufacturing. In addition to its buyout and growth capital investments, Abraaj also invests in real estate and infrastructure. Abraaj Capital was formed in 2002 and is based in Dubai.


DEAL STATS #
Overall 11 of 31
Sector: Restaurants M&A 1 of 3
Type: Add-on Acquisition M&A Deals 5 of 14
Country: Philippines M&A 1 of 1
Year: 2014 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 Yörükler Dış Ticaret A.Ş

Ankara, Turkey

Yörsan has been manufacturing branded dairy products in Turkey for over 50 years, during which time it has built high brand recognition and loyalty and has a market leading position in the higher value dairy segments. Yörsan has a strong portfolio of products covering all the main dairy categories of yoghurt, cheese, milk and the traditional Turkish drink - ayran. Yörsan’s dedication to high quality products, its modern production facility in Susurluk and its pan-national distribution network makes it one of the best positioned dairy manufacturers in the fast growing Turkish dairy industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-16 Kool Food

Casablanca, Morocco

Kool Food  is specialized in researching, developing, producing and selling all kinds of confections and sweet and salted food products.

Buy -