Butterfly To Acquire Qdoba And Form Leading Fast Casual Restaurant Platform Through Merger With Modern Restaurant Concepts
Butterfly To Acquire Qdoba And Form Leading Fast Casual Restaurant Platform Through Merger With Modern Restaurant Concepts
08/09/22, 10:06 AM
Location
los angelessan diegoIndustry
finance
food and beverage
food and beverage
Butterfly today announced entry into a definitive agreement with funds managed by affiliates of Apollo (the “Apollo Funds”) to acquire QDOBA, the No. 2 player and No. 1 franchisor in the Mexican fast casual restaurant sector in North America, via a merger transaction with Modern Restaurant Concepts (“MRC”), an industry-leading “better-for-you” fast casual restaurant platform consisting of two brands: Modern Market Eatery (“Modern Market”) and Lemonade.
Company Info
Location
Los Angeles, California, United States
Company info
Butterfly is a Los Angeles, California-based private equity firm that invests exclusively in the $26 trillion food sector. Butterfly is a leading “seed to fork” food ecosystem investor in North America and seeks to generate consistent investment returns through deep sector expertise, a data-driven investment process, and an operations-driven approach to value creation. Since its founding in 2016, the firm has invested in a diverse portfolio of category-leading businesses representing approximately $8 billion in enterprise value including The Duckhorn Portfolio, Rise Baking Company, Actus Nutrition, Chosen Foods, MaryRuth Organics, Pete and Gerry’s, Orgain, Generous Brands, Bolthouse Fresh Foods, QDOBA, and Pacifico Aquaculture.