acquisitions

Financing

Fast-growing Tropical Smoothie is reportedly being sold to Blackstone

The Atlanta-based fast-casual smoothie chain, which has thrived in recent years, is apparently being sold to the private-equity giant for $2 billion.

Financing

Oberweis Dairy finds a buyer

The principal of another Illinois food manufacturer has offered to buy the chain of ice cream shops and its sister businesses.

Flynn, already the world’s largest franchisee of the casual-dining chain, is acquiring 26 restaurants from an existing franchisee and is making plans to open 25 new locations by 2031.

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

The operator of franchised brands like Sonic Drive-In and Little Caesars is working with the franchisee’s management to acquire the locations in South Carolina.

The merger will create a 600-unit global company and take Fridays public on the London Stock Exchange.

Tech Check: If you blinked, you may have missed three funding rounds, two acquisitions, a “never-before-seen” new product and a bold executive poaching. Let’s get caught up.

ExpandShare is designed to simplify and digitize restaurant employee training with readymade modules and a mobile app.

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.

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.

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