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acquisitions

Financing

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

 By Peter Romeo on Apr. 05, 2024

The sandwich chain is reportedly open to a deal with the private equity firm or another suitor, according to media reports, though talks have cooled more recently.

Financing

McDonald's is buying its operator in Israel

 By Jonathan Maze on Apr. 04, 2024

The fast-food restaurant giant has an agreement to buy Alonyal Limited, the country’s franchise owner. The market has struggled since the outbreak of the Middle East conflict.

Financing

Delight Restaurant Group buys 65 Wendy's restaurants

By Jonathan Maze on Apr. 02, 2024

The Virginia-based operator acquired the restaurants in Pennsylvania, Ohio and West Virginia, making it one of Wendy’s largest franchisees.

Financing

In an uncertain year, investors flock to fast-casual chains

By Jonathan Maze on Apr. 01, 2024

The Bottom Line: Led by Sweetgreen and Cava, fast-casual restaurants outperformed other sectors. Wall Street rewarded them.

Technology

Restaurant tech M&A is heating up again

By Joe Guszkowski on Apr. 01, 2024

Technology firms are consolidating as they look to offer restaurants more features in one box. Here are six deals from Q1.

Emerging Brands

Punch Bowl Social plans growth with two acquired concepts

By Lisa Jennings on Mar. 29, 2024

Chicago-based eatertainment chain Punch Bowl Social has acquired two new brands that it plans to grow. One is karaoke-concept Voicebox and the other is an immersive art experience called Sweet Tooth Hotel. Both have cocktail bars.

Financing

Bob Evans puts itself on the market

By Jonathan Maze on Mar. 28, 2024

The family dining restaurant chain has hired an investment bank to look for a buyer, after having considered a sale in 2022.

Technology

ChowNow acquires digital order integrator Cuboh

By Joe Guszkowski on Mar. 28, 2024

The online ordering provider for independent restaurants is also laying off a reported 30 people as it absorbs the Cuboh team.

Financing

In the Benihana deal, a sign of the restaurant M&A times

By Jonathan Maze on Mar. 27, 2024

The Bottom Line: The venerable Japanese steakhouse chain fetched a modest multiple in its sale to The One Group. But that’s where values have fallen these days.

Financing

Minor league baseball players indicted for insider trading on the 2022 Del Taco sale

By Jonathan Maze on Mar. 27, 2024

Jordan Qsar, Grant Witherspoon, Chase Lambert and Austin Bernard were accused of trading stocks after learning that the Mexican restaurant chain would be sold to Jack in the Box.

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