TorQuest acquires stake in A&W Food Services of Canada
Canadian private equity firm TorQuest Partners has acquired a "significant" minority interest in A&W Food Services of Canada Inc, a Vancouver-based developer and franchiser of quick-service restaurants in Canada. No financial terms were disclosed for the deal, which saw TorQuest acquire the stake from several A&W of Canada Inc shareholders. As a result, TorQuest Partner Michael Hollend and Managing Partner Eric Berke have joined the board. The deal is part of a reorganization, intended to realize liquidity for some of A&W of Canada's long-standing investors. TorQuest is currently investing from TorQuest Partners Fund IV, which raised $925 million in 2016.
23 February 2018•3 mins read
