PE-backed Lemonade and Modern Market Eatery to form new restaurant platform
Butterfly portfolio companies Lemonade Restaurant Group and Modern Market Eatery have agreed to merge and form Modern Restaurant Concepts, a restaurant platform. As part of the deal, KKR will invest in Modern Restaurant Concepts. No financial terms were disclosed. Kirkland & Ellis acted as legal adviser to Butterfly and Lemonade on the transaction while Davis Wright Tremaine did likewise for Modern Market Eatery.
20 February 2019•5 mins read
