Oaktree and JHR-backed Foodtastic acquires Monza

Foodtastic Inc has acquired Enoteca Monza Pizzeria Restaurants, a full-service Italian restaurant brand operating in the Montréal area. No financial terms were disclosed. Foodtastic, a Montréal-based franchisor of restaurant concepts, said the deal is in line with a strategy of acquiring brands with growth potential that complement its existing portfolio. Monza is Foodtastic's first acquisition since it secured a $47 million investment from Restaurant Royalty Partners, a joint venture of Oaktree Capital Management and JHR Capital. The investment, announced earlier this week, will back the company's organic and acquisition-led growth.

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