At what enterprise value was GLOBAL FRANCHISE GROUP acquired in 2018?

During the acquisition of GLOBAL FRANCHISE GROUP by SERRUYA PRIVATE EQUITY / LION CAPITAL in 2018, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD. 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 11.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of GLOBAL FRANCHISE GROUP when it was acquired by SERRUYA PRIVATE EQUITY / LION CAPITAL?

The estimated EV/EBITDA multiple for GLOBAL FRANCHISE GROUP is in the range of 5x - 12x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.5x. Join our community for free to access full valuation data and industry trends.

What was the revenue of GLOBAL FRANCHISE GROUP at the time of the deal?

The revenue of GLOBAL FRANCHISE GROUP at the time of the deal is estimated to be in the range of 750M - 1.3b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of GLOBAL FRANCHISE GROUP during the acquisition?

GLOBAL FRANCHISE GROUP's EBITDA is estimated to be in the range of 25M - 50M USD. 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 GLOBAL FRANCHISE GROUP 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 GLOBAL FRANCHISE GROUP 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.buyoutsinsider.com/serruya-fo-lion-capital-partner-in-acquiring-global-franchise-group/

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Home Database Retail & ConsumerGLOBAL FRANCHISE GROUP

12/2018

GLOBAL FRANCHISE GROUP

Acquired by

SERRUYA PRIVATE EQUITY & LION CAPITAL

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 300M - 700M USD

GLOBAL FRANCHISE GROUP acquired by SERRUYA PRIVATE EQUITY & LION CAPITAL

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 300M - 700M USD

Context

Serruya Private Equity partnered with Lion Capital to acquire Global Franchise Group from Levine Leichtman Capital Partners, gaining control of the multi-brand QSR franchisor operating Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery, and Pretzelmaker across 1,400+ locations in 16 countries. The acquisition represented a classic franchise platform rotation where Serruya and Lion—experienced in consumer brands—succeeded Levine Leichtman after building scale from prior ownership. Strategic logic emphasized Global Franchise Group's diversified portfolio spanning pizza, cookies, corn dogs, ice cream, and pretzels, offering resilience through multiple dayparts and channels amid QSR fragmentation. Partners valued the company's franchise dominance (primarily franchised units) and international footprint, positioning it for accelerated unit growth via marketing synergies and operational improvements.

GLOBAL FRANCHISE GROUP, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the Retail & Consumer sector (11.5x).

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

Global Franchise Group is a strategic brand management company headquartered in Atlanta, Georgia, United States, that franchises and operates five quick-service restaurant concepts: Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery, and Pretzelmaker. The company supports more than 1,400 franchised and corporate stores across 16 countries. Round Table Pizza specializes in dine-in pizza with California-style crusts and fresh ingredients. Great American Cookies offers gourmet cookies, cookie cakes, and cinnamon rolls. Hot Dog on a Stick features corn dogs and hand-stamped lemonade. Marble Slab Creamery provides premium ice cream mixed on frozen marble slabs with mix-ins. Pretzelmaker serves fresh-baked pretzels and gourmet dips.

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Other operations with GLOBAL FRANCHISE GROUP

Date	Acquirer	Target	Country	Sector	Deal Context
07/2021	FAT BRANDS	GLOBAL FRANCHISE GROUP	UNITED STATES	Hospitality & Leisure	FAT Brands Inc. completed its largest-ever acquisition by purchasing Global Franchise Group from Serruya Private Equity and Lion Capital. The deal added Round Table Pizza, Great American Cookies, Hot Dog on a Stick, Marble Slab Creamery, and Pretzelmaker plus Atlanta manufacturing, doubling FAT's portfolio to 2,000+ units with $1.4 billion system-wide sales. Rationale emphasized diversification into pizza/desserts/snacks complementing FAT's burgers/chicken, leveraging GFG's resilience and synergies for $40 million EBITDA uplift to $55-60 million annually. Transaction exemplified aggressive consolidation in fragmented QSR franchising, where public operators like FAT deploy creative financing for accretive platforms amid recovery.
09/2017	GLOBAL FRANCHISE GROUP	ROUND TABLE PIZZA	UNITED STATES	Hospitality & Leisure	Global Franchise Group acquired Round Table Pizza including Round Table Clubhouse and Wings Brew concepts, boosting system-wide sales to nearly $1 billion across 1,500+ stores. The deal integrated 440 U.S. locations (70 company-owned) and 10 international sites into GFG's portfolio alongside Great American Cookies and others. GFG targeted Round Table for its $1M+ AUVs, loyal base, and "center of the plate" positioning complementing snack brands. Strategic fit included leveraging GFG's Atlanta facility for production, franchise support, and West Coast expansion while investing in menus, technology, remodeling. Timing capitalized on Round Table's equity growth under employee ownership.

REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 750M - 1.3b USD

EBITDA range: 25M - 50M USD

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

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

Target: global franchise group

Acquirer: lion capital / serruya private equity