Deal Snapshot
MTY CLOSES ACQUISITION OF US BURGER CHAINS COUNTER CUSTOM BURGERS, BUILT CUSTOM BURGERS
Wednesday 06 December 2017

Canada-based restaurant franchiser MTY Food Group Inc. (TSX: MTY) has acquired the totality of the limited liability company interests in US-based CB Franchise Systems, LLC, Built Franchise Systems, LLC and certain of their affiliates, the company said.
CB Franchise Systems runs Counter Custom Burgers while Built Franchise runs Built Custom Burgers. Both are US burger chains. The total consideration for the transaction is approximately USD 24.6m, including a USD 0.9m working capital adjustment which remains subject to post-closing adjustments. 


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 06/12/2017
Target: CB Franchise Systems, Built Franchise Systems
Country: USA
Deal Size: 24.6m (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: MTY Food Group
Comment:


Options