M&A Deal Summary

Recipe Acquires Groupe St-Hubert

On March 31, 2016, Recipe acquired restaurant Groupe St-Hubert for 537M USD

Acquisition Highlights
  • This is Recipe’s 4th transaction in the Restaurants sector.
  • This is Recipe’s largest (disclosed) transaction.
  • This is Recipe’s 4th transaction in Canada.
  • This is Recipe’s 1st transaction in Quebec.

M&A Deal Summary
Date 2016-03-31
Target Groupe St-Hubert
Sector Restaurants
Buyer(s) Recipe
Deal Type Add-on Acquisition
Deal Value 537M USD

Target

Groupe St-Hubert

Laval, Quebec, Canada
St-Hubert is one of Québec's most admired and recognized restaurant companies and is known for its great tasting rotisserie chicken, courteous service and warm, trendy atmosphere. Based on total sales, St-Hubert is Québec's top full-service restaurant operator and Canada's fourth largest full-service restaurant operator. As at December 31, 2015, St-Hubert had 117 restaurants: 80 full-service restaurants & 37 express locations. 89% of St-Hubert restaurants are operated by franchisees and 92% are based in Québec.

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Buyer(S) 1

Buyer

Recipe

Vaughan, Ontario, Canada
Category Company
Founded 1883
Sector Restaurants
Employees17,500
Revenue 865M CAD (2020)
DESCRIPTION

Recipe is a provider of full service restaurants in Canada. Recipe was founded in 1883 and is based in Vaughan, Canada.

DEAL STATS #
Overall 4 of 8
Sector (Restaurants) 4 of 8
Type (Add-on Acquisition) 3 of 5
State (Quebec) 1 of 1
Country (Canada) 4 of 8
Year (2016) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 New York Fries

Toronto, Ontario, Canada

New York Fries Ltd. is a retail chain of quick-service restaurants that specializes in fresh-cut fries and poutine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Original Joe s Franchise Group

Calgary, Alberta, Canada

Original Joe's Franchise Group, Inc. owns and operates a chain of restaurants in Western Canada. Its restaurants provide meat products. The company was founded in 2000 and is headquartered in Calgary, Canada.

Buy $93M
Mergr

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