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New Deal


Announced

L Catterton-backed Hopdoddy to acquire Grub.

Financials

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

Tags

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Restaurants and Bars

United States

Domestic

Single Bidder

Majority

Private

Pending

Private Equity

burgers

Friendly

Acquisition

Synopsis

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L Catterton-backed Hopdoddy, a burger joint, agreed to acquire Grub, a fast-casual restaurant. Financial terms were not disclosed. "We're thrilled to join forces with Grub, a high quality and complementary brand that we have admired for years. We have much in common, from our team-centric cultures and commitment to people, to exciting menus and a tireless focus on the guest experience. We think very much alike and share a long-term vision, which will serve us well as we come together and embark on our next stage of growth," Jeff Chandler, Hopdoddy CEO.

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