Divestiture • Restaurants

MTY Acquires Mrs. Vanelli s Restaurants

On April 21, 2004, MTY acquired restaurant Mrs. Vanelli s Restaurants from Donato Food

Acquisition Context
  • This is MTY’s 2nd transaction in the Restaurants sector.
  • This is MTY’s 2nd transaction in Canada.
  • This is MTY’s 1st transaction in Ontario.

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M&A Deal Summary

Date April 21, 2004
Target Mrs. Vanelli s Restaurants
Sector Restaurants
Buyer(s) MTY
Sellers(s) Donato Food
Deal Type Divestiture

Target Company

Mrs. Vanelli s Restaurants

Oakville, Ontario, Canada
Mrs. Vanelli's Restaurants Ltd. with 90 outlets in Canada, and 15 franchised outlets in the Middle East, for the retail sale of pizza, pasta, salads, and panini sandwiches, etc. Mrs. Vanelli’s system-wide sales for the last fiscal year were over $34 million with strong future growth potential, both in Canada and abroad.
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Buyer Overview 1

Buyer

MTY

St. Laurent, Quebec, Canada

Category Company
Founded 1979
Sector Restaurants
Employees7,632
Revenue 1.2B CAD (2024)
DESCRIPTION

MTY is an operator of quick?service, fast?casual, and casual dining restaurants. MTY was incorporated in 1979 and is based in Saint-Laurent, Canada.


Deal Context for Buyer #
Overall 3 of 48
Sector: Restaurants 2 of 40
Type: Divestiture 2 of 3
State: Ontario 1 of 14
Country: Canada 2 of 37
Year: 2004 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-14 Thai Express Pte

Singapore, Singapore

Thai Express (S) Pte, Ltd. operates a chain of restaurants in Australia, China, Indonesia, New Zealand, Malaysia, Singapore, and Mongolia. Most of the outlets are food court unit, with huge future growth potential, which will enhance MTY’s existing line of quick service restaurant business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Yogen Fruz Canada

Markham, Ontario, Canada

Yogen Fruz Canada, Inc. the owner and franchisor of the Yogen Fruz frozen dessert retail chain. Company offers frozen desserts, fresh fruits, toppings, mixes, and smoothies. The company also franchises its business.

Buy $3M

Seller Profile 1

SELLER

Donato Food

Oakville, Ontario, Canada

Category Company
Founded 1981
Sector Restaurants
DESCRIPTION

Donato Food Corp. is a operator of quick-service restaurants. The company also operates restaurants through owner-operated franchises. Donato Food Corporation was founded in 1981.


Deal Context for Seller #
Overall 1 of 1
Sector: Restaurants 1 of 1
Type: Divestiture 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2004 1 of 1