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
- 10
- With value data
- 9
- With revenue multiples
- 6
- Transaction years
- 2017–2023
Sortable transaction comps
restaurants transaction table
Rows with reported value
9 / 10
Acquisition EV, USD
USD 26B
Investment EV, USD
-
Median EV / revenue
2.0x
Selected comparison set
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10 shown of 10 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.
| Select for comparison | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| La Colombe Coffee Roasters Control | 2023-12-15 | Chobani | USD 900M Enterprise Value | 900 | - | - | United States | Confirmed 1 source | ||
| Subway Control | 2023-08-24 | Roark Capital Group affiliates | USD 8.9B Enterprise Value | 8,950 | - | 12.0x | United States | Confirmed 9 sources | ||
| Del Taco Restaurants, Inc. Control (100%) | 2021-12-06 | Jack in the Box Inc. | USD 575M Enterprise Value | 575 | 1.1x | 11.0x | United States | Confirmed 11 sources | ||
| 2021-11-15 | Restaurant Brands International Inc. | USD 1.0B Enterprise Value | 1,000 | - | 20.0x | United States | Confirmed 4 sources | |||
| Sonic Corp. (SONIC Drive-In) Control | 2018-09-25 | Inspire Brands, Inc. | USD 2.3B Enterprise Value | 2,300 | 5.4x | 15.3x | United States | Confirmed 5 sources | ||
| Zoës Kitchen, Inc. Control (100%) | 2018-08-17 | CAVA Group, Inc. | USD 300M Enterprise Value | 300 | 1.0x | 16.3x | United States | Confirmed 11 sources | ||
| Pret A Manger Control | 2018-05-29 | JAB Consumer Fund and JAB Holding Company | Undisclosed | Undisclosed | - | - | United Kingdom | Confirmed 1 source | ||
| Buffalo Wild Wings, Inc. Control (100%) | 2017-11-28 | Arby's Restaurant Group, Inc. | USD 2.9B Enterprise Value | 2,900 | 1.4x | 10.4x | United States | Confirmed 3 sources | ||
| 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) | USD 7.5B Enterprise Value | 7,500 | 2.7x | 16.9x | United States | Confirmed 11 sources | ||
| Popeyes Louisiana Kitchen, Inc. Control (100%) | 2017-02-21 | Restaurant Brands International Inc. | USD 1.8B Enterprise Value | 1,800 | 6.7x | 18.9x | United States | Confirmed 3 sources |
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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.