acquisitions

What’s next in restaurant technology

By Joe Guszkowski on Dec. 21, 2021

Robots, ghost kitchens, consolidation and the metaverse are the four developments we’ll be keeping a close eye on in 2022.

Financing

McDonald’s is selling Dynamic Yield to Mastercard

By Jonathan Maze on Dec. 21, 2021

The burger giant is selling the artificial intelligence ordering service to the financial services giant less than three years after its acquisition.

Financing

P.J. Whelihan’s gets some growth capital

By Jonathan Maze on Dec. 20, 2021

Garnett Station Partners recapitalized PJW Restaurant Group, the New Jersey-based operator of the pub chain and other concepts.

Financing

Fat Brands completes $130M purchase of Fazoli’s

By Heather Lalley on Dec. 16, 2021

The acquisition of the fast casual brings the brand collector to about 2,300 global restaurant locations and an expected $2.2 billion in systemwide sales for 2022.

Financing

What is the future of restaurant mergers and acquisitions?

By Jonathan Maze on Dec. 15, 2021

A Deeper Dive: Nick Cole, who heads restaurant finance for MUFG, joins this week’s podcast to discuss industry trends and the impact of labor and supply chain costs on M&A.

Financing

Restaurant Brands International completes its purchase of Firehouse Subs

By Jonathan Maze on Dec. 15, 2021

The $1 billion deal gives the owner of Burger King, Tim Hortons and Popeyes its fourth brand. RBI is using a combination of cash and new debt to fund the purchase.

Financing

Creditors for bankrupt Old Country Buffet parent target its former owners

By Jonathan Maze on Dec. 13, 2021

A court gave the bankruptcy trustee the go-ahead to sue Fresh Acquisitions and VitaNova brands for $19.8 million in misused loans and unexplained transfers.

Financing

Tilman Fertitta backs out of his SPAC deal

By Jonathan Maze on Dec. 10, 2021

His Fertitta Entertainment will pay up to $33 million to get out of its merger with Fast Acquisition Corp., deciding the company should remain private.

Financing