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New Deal


Announced

Completed

Brookfield and REEF Technology led an $80m Series B funding round in C3.

Financials

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Transaction Value£58m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Domestic

Acquisition

food restaurant

Private

Completed

Private Equity

United States

Restaurants and Bars

kitchen management

Minority

Venture Capital

Synopsis

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Brookfield, an alternative asset management company, and REEF Technology, a provider of parking virtualization technology and services, led an $80m Series B funding round in Creating Culinary Communities, an operator of a hybrid digital kitchen and food hall platform. Other investors include Egon Durban and Greg Mondre, Silver Lake Partners Managing Partners and Co-CEOs, and Dean Adler, Lubert-Adler Co-Founder. "I'm thrilled to partner and have the support of leading industry partners Accor Hotels, Simon Property Group, Brookfield Global Partners, REEF Technology, Graduate Hotels, Chowly, WK Holding, and Kitopi in bringing C3 to the world. With the support of these distinguished partners, we have the ability to prioritize C3 as the global end-to-end solution for restaurants, real estate, and digital industries through C3's platform of world-class brands," Said Sam Nazarian, C3 Founder and CEO.

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