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acquisitions

Financing

Rhone Capital to buy a stake in Illycaffé

The Italian coffee brand said the private equity firm will be able to help its international expansion.

Financing

Inside Zaxby’s deal with Goldman Sachs

Cofounder and CEO Zach McLeroy details the investment in this week’s episode of the RB podcast “A Deeper Dive.”

The auction will run through Jan. 14.

The private equity-owned operator will buy the locations in Virginia and West Virginia.

Even facing a winter of additional shutdowns and a potential double-dip recession, investors are betting on restaurants. But only certain sectors, says RB’s The Bottom Line.

T. Rowe Price, D1 Capital Partners, Lone Pine Capital and XN have all invested in the fast-casual taco chain, which plans to expand to 10 more states by 2024.

The burger chain and a consortium of franchisees are bidding for nearly 400 locations. Franchisees will end up with most of the restaurants.

It started when the companies looked at working with one another on technology. Discussions then turned more serious, says RB’s The Bottom Line.

The health-focused concept, which includes restaurants, vending machines and a subscription service, just received $16 million in funding to expand.

The casual dining chain is reopening four units as it emerges from Chapter 11.

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