City Capital Ventures acquires Burger King and Pizza Hut franchisee business from Redberry Group
January 22, 2019
On January 22, 2019, City Capital Ventures ("CCV") announced that it has acquired Redberry Group, one of the largest quick-service restaurant franchisees in North America with 111 Burger King restaurants and 23 Pizza Hut restaurants.
CCV is a principal investment firm based in Chicago that specializes in investments in innovative and niche consumer, commercial, and service businesses requiring up to $100 million of capital.
Headquartered in Toronto, Redberry is the largest Burger King franchisee in Canada.
McCarthy Tétrault LLP advised CCV with a team led by Shevaun McGrath that included Matthew Harris, Ekaterina Popoff and Dilara Alpli (Business), Patrick McCay and Dean Xiao (Tax), Richard Higa (Financial Services), Sarit Pandya (Real Property and Planning), Diana Theophilopoulos, Stéphane Duval and Kate McNeill-Keller (Labour and Employment), Adam Ship (Franchise) and Vincent Yip (Intellectual Property).