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acquisitions

Financing

The M&A market is showing signs of life

 By Jonathan Maze on Jul. 14, 2023

The Bottom Line: Benihana is apparently on the market, according to reports, helping to signal that the market for restaurants is improving.

Financing

Subway's long sale process will last a bit longer

 By Jonathan Maze on Jul. 13, 2023

The sandwich giant, which has spent the year on the market, has again extended the bidding process as potential new buyers emerge.

Financing

Gen Restaurant Group raises $43.2M in its IPO

By Jonathan Maze on Jun. 28, 2023

The operator of Gen Korean BBQ priced its shares at the high end of their range and increased the size of its offering.

Operations

Hamra Enterprises acquires 24 Panera Bread units across the South

By Lisa Jennings on Jun. 28, 2023

The Missouri-based group is also a franchisee of Wendy's, Noodles & Company and, soon, Caribou Coffee. The acquisition brings the group's restaurant count to a total of 195.

Financing

Cava, Subway and Darden rescue a boring M&A market

By Jonathan Maze on Jun. 27, 2023

The Bottom Line: Restaurant M&A has been slow for the past year and a half thanks to inflation and interest rates. Could these deals change its course?

Financing

Why Gen Restaurant Group may be the next Kura Sushi

By Jonathan Maze on Jun. 23, 2023

The Bottom Line: The operator of Gen Korean BBQ will follow the successful Cava IPO with a small offering expected to raise $33 million. But investors have a surprising appetite for such concepts, which they demonstrated with Kura.

Financing

Food-and-bowling concept Pinstripes to go public in SPAC deal

By Jonathan Maze on Jun. 23, 2023

The combination with Banyan Acquisition Corp. is expected to be complete by the end of this year and would value the eatertainment concept at $520 million.

Financing

MGG Investment Group invests in Shari's Restaurants

By Jonathan Maze on Jun. 21, 2023

The investment firm invested in the chain’s 42 Oregon locations, where the restaurants operate video lottery games.

Financing

Restructuring gives control of Checkers to its lenders

By Jonathan Maze on Jun. 20, 2023

Arbour Lane Capital Management, Garnett Station Partners and Guggenheim Investments are taking majority ownership in a deal that will cut back on the fast-food chain’s debt.

Financing

Ron Shaich, a Wall Street critic as a CEO, returns as an investor

By Jonathan Maze on Jun. 20, 2023

The Bottom Line: The former CEO of Panera Bread hammered Wall Street for its short-sightedness after his company was sold. His comments were different following the Cava Group IPO last week.

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