At what enterprise value was BOOJUM acquired in 2023?

You can find the full valuation details of BOOJUM on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of BOOJUM when it was acquired by AZZURRI GROUP?

The exact EV/EBITDA multiple for BOOJUM is available on mynth capital. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

When was BOOJUM acquired by AZZURRI GROUP?

BOOJUM was acquired by AZZURRI GROUP in 2023.

What was the revenue of BOOJUM at the time of the deal?

The revenue of BOOJUM at the time of the deal is estimated to be in the range of 10M - 30M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of BOOJUM during the acquisition?

BOOJUM's EBITDA is estimated to be in the range of 0M - 5M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the BOOJUM acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BOOJUM deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.rte.ie/news/business/2023/0619/1389997-azzurri-group-buys-controlling-stake-in-boojum-chain/

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Home Database Retail & ConsumerBOOJUM

06/2023

BOOJUM acquired by AZZURRI GROUP

IRELAND Hospitality & Leisure / Hospitality / Restaurants / Chains REV 10M - 30M GBP

Context

Azzurri Group acquired a controlling interest in the Irish-based Mexican restaurant chain Boojum from its previous majority owner, private equity firm Renatus Capital Partners. This strategic transaction marks Azzurri's entry into a new cuisine category, diversifying its portfolio beyond its established Italian brands like Zizzi and ASK Italian. The acquisition is intended to target the rapidly growing Mexican fast-casual segment and appeal to a younger demographic. For Azzurri, the deal provides an established and popular brand with a devoted customer base, serving as a platform for expansion into the Great Britain market. For Boojum, the partnership with a large, well-capitalized group like Azzurri offers the financial strength and operational platform necessary to accelerate its growth plans, particularly its intended expansion across the Irish Sea into the UK. The existing management team, led by Managing Director David Maxwell, is expected to remain in place to lead the business through this next phase of growth. The deal represents a successful exit for Renatus Capital Partners, which had backed the company since 2015 and overseen its expansion from five to fourteen locations.

BOOJUM, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Retail & Consumer sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Boojum is a fast-casual restaurant chain specializing in Mexican-themed cuisine. Founded in 2007 by brothers David and Andrew Maxwell in Belfast, Northern Ireland, the company has established a strong brand presence across the island of Ireland. The menu is centered on customizable burritos, bowls, tacos, and other Mexican staples, catering to a consumer base seeking fresh, flavorful, and convenient dining options. The business operates on a counter-service model, which facilitates high-volume sales and quick turnaround times, particularly during peak lunch and dinner hours. By 2023, the company had expanded its footprint to 14 locations, with restaurants strategically situated in major urban centers including Dublin, Belfast, Cork, and Galway. This growth has been supported by a strong and loyal customer following, often driven by a younger demographic that appreciates the brand's vibrant atmosphere and value proposition. The company's operations are managed from its headquarters in Belfast, and as of mid-2023, it employed a workforce of approximately 500 people across its network of restaurants.

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REFERENCES

Revenue range: 10M - 30M GBP

EBITDA range: 0M - 5M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BOOJUM by AZZURRI GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: boojum

Acquirer: azzurri group