MTY closes $253 mln purchase of Lee Equity-backed Papa Murphy’s
MTY Food Group Inc (TSX: MTY) has closed its acquisition of Papa Murphy’s Holdings Inc, a Vancouver, Washington-based franchisor and operator of the Take ‘n’ Bake pizza brand. The deal, announced last month, was valued at $253.2 million, including debt. As a result, Papa Murphy’s shares ceased trading today on the Nasdaq Stock Market. MTY, a Montréal-based franchisor and operator of quick-service and casual dining restaurants, previously said the acquisition will support its growth in the U.S. market. Papa Murphy’s was backed by U.S. private equity firm Lee Equity Partners, which took the company public in 2014.
23 May 2019•3 mins read
