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M&A Deal Summary

Recipe Acquires New York Fries

On November 2, 2015, Recipe acquired restaurant New York Fries from 122164 Canada

Acquisition Highlights
  • This is Recipe’s 3rd transaction in the Restaurants sector.
  • This is Recipe’s 3rd transaction in Canada.
  • This is Recipe’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2015-11-02
Target New York Fries
Sector Restaurants
Buyer(s) Recipe
Sellers(s) 122164 Canada
Deal Type Divestiture

Target

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.

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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. Recipe was founded in 1883 and is based in Vaughan, Vaughan.

DEAL STATS #
Overall 3 of 8
Sector: Restaurants M&A 3 of 8
Type: Divestiture M&A Deals 1 of 3
State: Ontario M&A 3 of 6
Country: Canada M&A 3 of 8
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 The Landing Group

Oakville, Ontario, Canada

The Landing Group is a Southern Ontario based, high-volume, upscale casual restaurant concept. Its business includes lunch, dinner and late night and the restaurants have an exciting bar-restaurant atmosphere with unique indoor/outdoor configurations. There are currently three market-leading restaurants in the Landing Group; Williams Landing, which is located at Liberty Village in Toronto, Hunters Landing, which is located at Concord CityPlace, Toronto, and Harpers Landing, which is located in Oakville, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 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.

Buy $537M

Seller(S) 1

SELLER

122164 Canada

Toronto, Ontario, Canada
Category Company
Sector Restaurants
DESCRIPTION

122164 Canada Ltd. is a privately held company operates fast food restaurants.

DEAL STATS #
Overall 1 of 1
Sector: Restaurants M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2015 M&A 1 of 1
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