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acquisitions

Financing

BurgerFi parent agrees to settle shareholder lawsuit

 By Lisa Jennings on Jul. 26, 2024

Lion Point Capital alleged BurgerFi International Inc. failed to timely register its shares in a SPAC deal, costing the shareholder $26 million.

Financing

Casey’s to acquire 198 CEFCO convenience stores for $1.1B

 By Greg Lindenberg on Jul. 26, 2024

Casey's, one of the country's largest pizza sellers, will get a geographic boost in the South thanks to the deal.

Technology

As restaurant tech consolidates, an ode to the point solution

By Joe Guszkowski on Jul. 24, 2024

Tech Check: All-in-one may be all the rage, but there’s value in being a one-trick pony.

Financing

Krispy Kreme sells a majority stake in Insomnia Cookies

By Jonathan Maze on Jul. 22, 2024

A pair of private-equity groups, Verlinvest and Mistral Equity Partners, bought the stake, which values the cookie chain at $350 million. Krispy Kreme is keeping a 34% share in the concept.

Financing

Tender Greens and Tocaya: Good businesses with bad balance sheets

By Lisa Jennings on Jul. 22, 2024

The two fast-casual brands are seeking a buyer out of bankruptcy, either together or separately. Parent One Table CEO Harald Herrmann says both are moving in the right direction.

Leadership

CEO Beth Scott has departed from MOD Pizza

By Lisa Jennings on Jul. 22, 2024

Other members of the fast-casual pizza chain's executive team also have exited following the acquisition by Elite Restaurant Group, according to sources familiar with the deal.

Financing

Panera apparently wants to go it alone again

By Jonathan Maze on Jul. 22, 2024

The Bottom Line: The bakery/café chain is reportedly planning to sell Caribou and Einstein Bros. restaurant concepts three years after forming Panera Brands.

Financing

With Chuy's deal, Olive Garden's owner sees a chance to get broader and younger

By Joe Guszkowski on Jul. 18, 2024

The challenge for Darden Restaurants will be turning the regional full-service Mexican chain into a bigger player.

Financing

Tender Greens parent One Table Restaurant Brands files Chapter 11 bankruptcy

By Lisa Jennings on Jul. 18, 2024

The operator of Tender Greens and Tocaya is seeking a buyer, but there are no plans to close any of the 39 restaurants between the two fast-casual brands. It is one of a number of recent restaurant bankruptcies.

Financing

Olive Garden parent Darden Restaurants is buying Chuy's for $605M

By Joe Guszkowski on Jul. 17, 2024

It will be the second acquisition for Darden in as many years and brings Mexican cuisine to its portfolio for the first time.

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