M&A Deal Summary

Recipe Acquires Prime Restaurants

On October 17, 2011, Recipe acquired restaurant Prime Restaurants for 59M USD

Acquisition Highlights
  • This is Recipe’s 1st transaction in the Restaurants sector.
  • This is Recipe’s 3rd largest (disclosed) transaction.
  • This is Recipe’s 1st transaction in Canada.
  • This is Recipe’s 1st transaction in Ontario.

M&A Deal Summary
Date 2011-10-17
Target Prime Restaurants
Sector Restaurants
Buyer(s) Recipe
Deal Type Add-on Acquisition
Deal Value 59M USD

Target

Prime Restaurants

Mississauga, Ontario, Canada
Prime Restaurants Inc. ("Prime") franchises, owns and operates casual dining restaurant brands and premium Irish pubs in Canada. Prime has a number of competitive strengths that have helped the company maintain a leadership position in the Canadian casual dining industry.

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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 1 of 8
Sector (Restaurants) 1 of 8
Type (Add-on Acquisition) 1 of 5
State (Ontario) 1 of 6
Country (Canada) 1 of 8
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING 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.

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