Butterfly To Acquire Qdoba And Form Leading Fast Casual Restaurant Platform Through Merger With Modern Restaurant Concepts
Acquiring Company
Butterfly Equity
Acquired Company
QDOBA
Los AngelesSan DiegoFood and BeverageAgriculture and FarmingFood And BeverageFinanceHospitalityFood ProcessingFood and BeverageHospitalityDescription
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.
Quick answer
Butterfly Equity is acquiring QDOBA, announced August 9, 2022. Butterfly Equity is based in Los Angeles, California, United States.
- How much did Butterfly Equity pay for QDOBA?
- The deal value was not disclosed.
- What does Butterfly Equity do?
- Butterfly Equity is a Los Angeles-based private equity firm specializing in the food and beverage sector.
- Where are Butterfly Equity and QDOBA based?
- Butterfly Equity is based in Los Angeles, California, United States. QDOBA is based in San Diego, California, United States.
- Who are the decision-makers at Butterfly Equity?
- Fundz holds 1 contact at Butterfly Equity. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired QDOBA?
QDOBA was acquired by Butterfly Equity, based in Los Angeles. The deal was reported on August 9, 2022. Butterfly Equity is a Los Angeles-based private equity firm specializing in the food and beverage sector. Butterfly Equity is privately held and operates in Food and Beverage.
When did Butterfly Equity acquire QDOBA?
Butterfly Equity's acquisition of QDOBA was reported on August 9, 2022. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does QDOBA do?
QDOBA is a fast-casual Mexican restaurant with 840 locations in 45 states across the U.S., as well as in Canada, Puerto Rico, Japan and South Korea. It is privately held, operating in Food and Beverage, and is based in San Diego.
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