Investment & M&A transaction comps

Restaurants Investment & M&A Transaction Comps

Explore investment and M&A transactions tagged restaurants. Compare companies, buyers, dates and available valuation multiples, with reported, estimated or rumored figures clearly labelled in each comp.

Coverage includes published FundComb transactions carrying this tag. Each comp preserves its own source notes and valuation basis.

Reviewed transactions
14
With value data
11
With revenue multiples
7
Transaction years
2014–2026

Sortable transaction comps

Restaurants transaction table

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Rows with reported value

12 / 14

Acquisition EV, USD

USD 51B

Investment EV, USD

-

Median EV / revenue

3.3x

Columns

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14 shown of 14 matching transactions. Click any transaction row for more detail.

Values are 100% enterprise values. Multiples divide EV by full-company revenue or EBITDA. Reported prices are assumed to be EV; explicit partial-stake prices are grossed up as estimates. Amounts paid are tracked separately, and a financing without a reported valuation shows its amount raised, not an EV.

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Bonchon
Control
2026-09-01 Minor Food and Serruya Private Equity Undisclosed - -
Fave’Wich
Control
2026-08-18 JSB Industries Undisclosed - -
2023-12-15 Chobani 900 - -
Subway
Control
2023-08-24 Roark Capital Group affiliates 8,950 - 12.0x
2021-12-06 Jack in the Box Inc. 575 1.1x 11.0x
2021-11-15 Restaurant Brands International Inc. 1,000 - 20.0x
2020-10-30 Inspire Brands, Inc. 11,300 8.3x 25.3x
2018-09-25 Inspire Brands, Inc. 2,300 5.4x 15.3x
Zoës Kitchen, Inc.
Control (100%)
2018-08-17 CAVA Group, Inc. 300 1.0x 16.3x
Pret A Manger
Control
2018-05-29 JAB Consumer Fund and JAB Holding Company 1,989 - 15.0x
Buffalo Wild Wings, Inc.
Control (100%)
2017-11-28 Arby's Restaurant Group, Inc. 2,900 1.4x 10.4x
Panera Bread Company
Control (100%)
2017-04-05 JAB Holdings B.V. (through Rye Parent Corp.; investment vehicle of JAB Consumer Fund and JAB Holding Company) 7,500 2.7x 16.9x
2017-02-21 Restaurant Brands International Inc. 1,800 6.7x 18.9x
Tim Hortons
Control (100%)
2014-08-26 Burger King Worldwide (3G Capital) 11,400 3.8x 20.1x

Source coverage varies by transaction. Announced deals, minority investments and capital raises retain their own labels; an investment amount is separate from enterprise value. Read the methodology.

Values may be estimated, rumored, incomplete or derived from public information. Transaction comps are informational and should not be relied on as financial, investment or valuation advice.