Serruya Family, Delavaco Invest in Food Franchise Company Kahala - Report
Markham, Ontario's Serruya family, which manages a private equity fund that invests in retail franchises, has bought a controlling interest in Kahala Corp., a Scottsdale, Arizona-based franchise fast food restaurant company, writes The Globe and Mail. The acquisition price was not disclosed. Kahala owns Canadian brand Cold Stone Creamery, an ice cream chain that has a business partnership with Tim Hortons. Toronto-based private equity firm Delavaco Group, which has in past partnered with the Serruya family in other deals, also took a stake in Kahala.
21 August 2013•1 min read
