M&A Deal Summary

MTY Acquires Koryo Korean BBQ Franchise

On August 15, 2011, MTY acquired restaurant Koryo Korean BBQ Franchise for 2M USD

Acquisition Highlights
  • This is MTY’s 10th transaction in the Restaurants sector.
  • This is MTY’s 20th largest (disclosed) transaction.
  • This is MTY’s 12th transaction in Canada.
  • This is MTY’s 3rd transaction in Alberta.

M&A Deal Summary
Date 2011-08-15
Target Koryo Korean BBQ Franchise
Sector Restaurants
Buyer(s) MTY
Deal Type Add-on Acquisition
Deal Value 2M USD

Target

Koryo Korean BBQ Franchise

Calgary, Alberta, Canada
Koryo Korean BBQ Franchise Corp. operates a chain of barbeque restaurants has a total of 20 outlets in operation located in Alberta, British Columbia, Ontario, Quebec and Saskatchewan generating annual system wide sales of over $8 million, 19 stores are franchised or under an operator agreement, and 1 corporately owned store.

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Buyer(S) 1

Buyer

MTY

St. Laurent, Quebec, Canada
Category Company
Founded 1979
Sector Food
Employees7,326
Revenue 1.2B CAD (2023)
DESCRIPTION

MTY is among the foremost quick service companies in Canada. It operates 26 banners, of which 22 are fully owned and 4 are under exclusive license agreements. MTY Group's multi-bannered strategy has allowed it to become a leader in its class. MTY was incorporated in 1979 and is based in Saint-Laurent, Canada.

DEAL STATS #
Overall 13 of 48
Sector (Restaurants) 10 of 40
Type (Add-on Acquisition) 10 of 43
State (Alberta) 3 of 3
Country (Canada) 12 of 37
Year (2011) 2 of 3
Size (of disclosed) 20 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-27 Jugo Juice International

Calgary, Alberta, Canada

Jugo Juice International, Inc. operates, and franchises fast food stores with a total of 133 outlets in operation, of which 132 are franchised, located in seven provinces

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-18 Mr. Submarine

Toronto, Ontario, Canada

Mr. Submarine Ltd. operates and franchises restaurants and there are approximately 335 Mr. Sub outlets operating under franchise or operator agreements.

Buy $23M
Mergr

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