At what enterprise value was KAHALA BRANDS acquired in 2016?

During the acquisition of KAHALA BRANDS by MTY FOOD GROUP in 2016, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD.

What was the EV/EBITDA of KAHALA BRANDS when it was acquired by MTY FOOD GROUP?

The estimated EV/EBITDA multiple for KAHALA BRANDS is in the range of 10x - 18x.

When was KAHALA BRANDS acquired by MTY FOOD GROUP?

KAHALA BRANDS was acquired by MTY FOOD GROUP in 2016.

What was the revenue of KAHALA BRANDS at the time of the deal?

The revenue of KAHALA BRANDS at the time of the deal is estimated to be in the range of 100M - 200M USD.

What was the EBITDA of KAHALA BRANDS during the acquisition?

KAHALA BRANDS's EBITDA is estimated to be in the range of 25M - 50M USD.

How is the data for the KAHALA BRANDS 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 KAHALA BRANDS 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://mtygroup.com/wp-content/uploads/2015/06/20160525-MTY-enters-into-an-agreement-to-acquire-the-shares-of-Kahala-Brands-v7.pdf

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Home Database Retail & ConsumerKAHALA BRANDS

07/2016

KAHALA BRANDS acquired by MTY FOOD GROUP

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

Context

In a transformative cross-border transaction, MTY Food Group has completed the acquisition of 100% of the shares of Kahala Brands. The deal is classified as a Full Acquisition (100%), structured as a merger between a wholly-owned subsidiary of MTY and the target. This acquisition marks MTY’s entry into the United States, effectively doubling its scale with the combined entity. This strategic deal allows MTY to fully internalize Kahala’s profitable and scalable U.S. platform, moving its regional headquarters to Arizona to leverage local expertise. From a structural standpoint, the retention of Kahala's leadership team to head the U.S. operations facilitates a seamless integration. This deal highlights the ongoing trend of large-scale consolidation within the franchised restaurant sector, where Canadian incumbents are utilizing leveraged buyouts to capture the scale and market depth of the U.S. QSR industry, shifting from domestic leaders to North American heavyweights.

KAHALA BRANDS, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (11.0x).

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Target

Kahala Brands, Ltd. is a leading global owner and franchisor of a diverse portfolio of quick-service restaurant (QSR) concepts. Headquartered in Scottsdale, Arizona, the company manages 18 distinct brands—including Cold Stone Creamery, Blimpie, and TacoTime—representing approximately 2,800 locations across 27 countries. Kahala operates a sophisticated platform focused on brand development, supply chain management, and franchisee support, enabling its various concepts to achieve significant operational scale and market penetration. From a market positioning perspective, Kahala is a specialized powerhouse in the franchised restaurant sector, known for its ability to manage a heterogeneous portfolio of lifestyle and food brands under a unified corporate structure. Its business model is highly capital-light and scalable, centered on royalty streams and franchise fees rather than direct restaurant operations. This structure generates high visibility for cash flows and allows for rapid international expansion through master franchise agreements.

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Similar deals in Hospitality & Leisure

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Date	Acquirer	Target	Country	Sector
12/2016	ICG	PARK HOLIDAYS	UNITED KINGDOM	Hospitality
10/2016	GENERAL ATLANTIC / VALEDO PARTNERS	JOE & THE JUICE	DENMARK	Restaurants / Chains
07/2016	JAB BEECH	KRISPY KREME DOUGHNUTS	UNITED STATES	Restaurants / Chains
05/2016	PUBLIC MARKETS (IPO)	BASIC-FIT	NETHERLANDS	Hospitality
05/2016	SEVEN2	SANDAYA	FRANCE	Hotels & Accommodation
04/2016	APHEON (EX ERGON) / BPIFRANCE	LOOPING GROUP	FRANCE	Leisure Facilities
12/2015	PAI PARTNERS	GROUPE B&B HOTELS	FRANCE	Hotels & Accommodation
11/2015	BC PARTNERS	CIGIERRE	ITALY	Restaurants / Chains
09/2015	ICG	COURTEPAILLE	FRANCE	Restaurants / Chains
07/2015	STIRLING SQUARE CAPITAL	SIBLU VILLAGES	FRANCE	Hotels & Accommodation

REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 100M - 200M USD

EBITDA range: 25M - 50M USD

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: kahala brands

Acquirer: mty food group