Announced
Completed
Financials
Tags
Private
Friendly
Merger
Restaurants and Bars
Majority
Acquisition
Single Bidder
fast casual restaurants
United States
restaurant chain
fast food chain
budget hotel chain
casual dining
Private Equity
Completed
De-SPAC
Reverse Takeover
Synopsis
OPES Acquisition, a special purpose acquisition company, completed the merger with BurgerFi International, a fast-casual dining restaurant chain in a $100m deal. Additionally, Lionheart Equities and Lion Point Capital, two investment firms, contributed $30m into the combined company. “BurgerFi’s position within the rapidly expanding ‘better-burger’ space combined with its technology-driven business model and highly-scalable structure makes it poised for significant shareholder value creation. We believe that BurgerFi is positioned for rapid growth. Our team is thrilled to partner with BurgerFi’s senior management to support the numerous growth initiatives underway and to drive operational excellence," Ophir Sternberg, OPES Chairman and CEO.
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