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New Deal


Announced

Foodtastic to acquire Freshii for $74m.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium142%
One Off Charge-

Tags

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Friendly

Restaurants and Bars

Canada

Acquisition

chain of restaurants

Pending

Single Bidder

Majority

Domestic

Public

Synopsis

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Foodtastic, a franchisor of multiple restaurant concepts, agreed to acquire Freshii, a restaurant franchise, for $74m. “This all-cash transaction delivers immediate and certain liquidity to Freshii’s shareholders at a price that represents a significant premium to the market price of Freshii’s shares. We believe it represents a compelling opportunity for Freshii’s shareholders,” Stephen Smith, Freshii Chair of the Special Committee.

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