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Announced

PE-backed Restaurant365 to acquire Compeat.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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restaurant software

Domestic

Pending

Majority

Single Bidder

Private

Software

Acquisition

United States

Private Equity

Synopsis

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PE-backed Restaurant365, a restaurant management platform, agreed to acquire Compeat, a provider of software solutions for restaurants. Restaurant365 is backed by private equity firms Bessemer Venture Partners, ICONIQ and Tiger Global Management and now Serent Capital. Financial terms were not disclosed. "The last year has been full of challenges for the restaurant industry due to the COVID-19 pandemic, but restauranteurs are tenacious and we're in awe of their incredible creativity to adapt. We provide technology to support their ingenuity and see this as the perfect time for this bold move to expand our offering and help restaurants rethink and streamline their operations," Tony Smith, Restaurant365 CEO.

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