FIESTA RESTAURANT acquired by RESTAURANT BRANDS

Paradies Lagardère, the North American division of Lagardère Travel Retail, executed the acquisition of Tastes on the Fly to significantly bolster its Foodservice operations across the continent. This strategic move is a cornerstone of the acquirer's ambition to become one of the largest and most respected airport restaurant operators in North America. The transaction provides Paradies Lagardère with an award-winning portfolio of restaurant concepts that are highly complementary to its existing operations

McWin Capital Partners agreed to acquire a majority stake in Big Mamma Group in an leverage buy‑out operation. The founders Tigrane Seydoux and Victor Lugger retaining minority stakes and continuing as co‑CEOs and key shareholders, while a broad group of earlier investors exits the cap table. The deal simplifies the ownership structure, removesMcWin’s objective is to use the new platform to deepen Big Mamma’s presence in existing markets, enter new territories, and continue investing in immersive venue design, cuisine quality, and hospitality standards

Toridoll Holdings Corporation, in partnership with the restaurant-specialist private equity firm Capdesia, has completed the acquisition of The Fulham Shore (Franco Manca and The Real Greek restaurant brands). The transaction was executed via a UK Scheme of Arrangement, where Fulham Shore stockholders received 14.15p per share in cash, representing a 35% premium over the undisturbed share price. Capdesia, which has a minority stake in Wasabi, acted as the "local buddy" for the transaction and maintains an option to acquire up to 49% of the purchasing subsidiary

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

PAI Partners has signed a definitive agreement to acquire a 75% majority stake in Looping Group from Mubadala Capital and Bpifrance. This transaction marks the fourth leveraged buyout for the group. The founding management team will retain a 25% minority interest and continue to lead the group’s ambitious growth strategy. The deal was supported by a 250 million euro unitranche financing package provided by Hayfin, representing a leverage multiple of approximately 4.5x EBITDA. The strategic rationale for the new partnership is to double the company’s size over the next five years through a combination of organic development and continued cross-border acquisitions, with a particular focus on strengthening the group’s footprint in Southern Europe

Adamantem Capital acquired a 70% majority stake in Retail Zoo from Bain Capital. The transaction is structured as a mid‑market buyout through Adamantem’s second mid‑market fund, with the remaining 30% ownership retained by the existing management and founder‑shareholders, including Retail Zoo CEO Nishad Alani and founder and chair Janine Allis. Retail Zoo operates more than 750 stores across Australia and overseas under brands such as Boost Juice and Betty’s Burgers. Adamantem plans to reinvest in the group’s expansion, including further growth of Boost’s juice and smoothie‑bar footprint and Betty’s Burgers’ casual‑dining network, while also enhancing data‑driven customer insight, loyalty programs, and ESG frameworks

The McWin Restaurant Fund agrees to acquire a majority stake in L’Osteria. The transaction is structured as a control‑buyout in which founders Klaus Rader and Friedemann Findeis remain significant minority shareholders, alongside CEO Mirko Silz and the existing management team, ensuring continuity of leadership and brand identity. The investment is one of the flagship deployments of the McWin Restaurant Fund, underlining McWin’s conviction in the European casual‑dining sector despite near‑term macro headwinds

Flight Centre Travel Group has agreed to acquire Scott Dunn from private equity firm Inflexion. The acquisition provides Flight Centre with a scalable entry point into the UK and US luxury travel markets. Flight Centre funded the deal through a �102 million equity raise underwritten by Macquarie and UBS, plus existing cash. This marks a successful exit for Inflexion, which had owned Scott Dunn since 2014 and supported its expansion into the US and Asia via acquisitions (Aardvark Safaris, Country Holidays)

The transaction represents a transformational merger between Dufry, a global leader in travel retail, and Autogrill, a global leader in travel food and beverage services. The combination was designed to create an integrated, diversified global travel experience player with an unparalleled presence across various geographies and service channels. The strategic rationale for the deal centered on redefining the industry's boundaries and creating a new leader with a comprehensive offering for travelers worldwide

Less than a year after being acquired by PAI Partners, European Camping Group (Homair, Eurocamp, Roan) absorbed its direct competitor, Vacanceselect. This transaction allowed ECG to double its revenue and become the #3 European leader in the sector. The combined entity manages 45,000 mobile homes across 400 campsites, 100 of which are directly owned. The merger significantly increased ECG's "Prop-Co" footprint and marked a successful exit for Permira after 7 years of ownership.