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New Deal


Announced

Cava Group Inc. acquired Zoe's Kitchen Inc. for $300m.

Financials

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Transaction Value£235m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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restaurant chain

Restaurants and Bars

United States

Public

Acquisition

Pending

Single Bidder

Private Equity

Synopsis

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Zoe’s Kitchen Inc., a fast-casual restaurant group serving a distinct menu of fresh, wholesome, made-from-scratch, Mediterranean-inspired dishes delivered with warm hospitality, was acquired by CAVA Group Inc. Under the terms of the agreement, Zoës Kitchen shareholders will receive $12.75 in cash for each share of common stock they hold. This represents a premium of approximately 33% to Zoës Kitchen’s closing share price on August 16, 2018 and a premium of approximately 33% to Zoës Kitchen 30-day volume weighted average price ended on August 16, 2018, and an enterprise value of approximately $300m.

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