acquisitions

Financing

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

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.

Financing

McDonald's is buying its operator in Israel

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.

The Virginia-based operator acquired the restaurants in Pennsylvania, Ohio and West Virginia, making it one of Wendy’s largest franchisees.

The Bottom Line: Led by Sweetgreen and Cava, fast-casual restaurants outperformed other sectors. Wall Street rewarded them.

Technology firms are consolidating as they look to offer restaurants more features in one box. Here are six deals from Q1.

Chicago-based eatertainment chain Punch Bowl Social has acquired two new brands that it plans to grow. One is karaoke-concept Voicebox and the other is an immersive art experience called Sweet Tooth Hotel. Both have cocktail bars.

The family dining restaurant chain has hired an investment bank to look for a buyer, after having considered a sale in 2022.

The online ordering provider for independent restaurants is also laying off a reported 30 people as it absorbs the Cuboh team.

The Bottom Line: The venerable Japanese steakhouse chain fetched a modest multiple in its sale to The One Group. But that’s where values have fallen these days.

Jordan Qsar, Grant Witherspoon, Chase Lambert and Austin Bernard were accused of trading stocks after learning that the Mexican restaurant chain would be sold to Jack in the Box.

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