At what enterprise value was QDOBA RESTAURANT acquired in 2018?

You can find the full valuation details of QDOBA RESTAURANT on mynth capital. 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 11.0x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of QDOBA RESTAURANT when it was acquired by APOLLO GLOBAL MANAGEMENT?

The exact EV/EBITDA multiple for QDOBA RESTAURANT 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.

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 QDOBA RESTAURANT 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 QDOBA RESTAURANT 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.restaurantbusinessonline.com/financing/apollo-buys-qdoba-305-million

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Home Database Retail & ConsumerQDOBA RESTAURANT

03/2018

QDOBA RESTAURANT acquired by APOLLO GLOBAL MANAGEMENT

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

Context

Apollo Global Management completed its acquisition of Qdoba Restaurant Corp. from Jack in the Box in March 2018 after a definitive agreement announced in December 2017. The all-cash transaction valued the fast-casual Mexican chain at a significant premium and was funded by Apollo funds, with Qdoba becoming a privately held portfolio company after closing. Jack in the Box used the proceeds to reduce debt and further shift toward a more capital-light business model centered on its core burger brand. he strategic rationale was to separate Qdoba from Jack in the Box and give the chain a dedicated owner focused on its next phase of growth. Qdoba brought a recognizable Mexican fast-casual concept with more than 700 restaurants, strong systemwide sales, and a large footprint across the U.S. and Canada. Apollo saw an opportunity to support the brand through operational investment, menu development, franchise expansion, and improved positioning in a highly competitive category. At the time, Qdoba was the second-largest fast-casual Mexican chain in the United States, but it had been under pressure from weaker same-store sales, creating a clear case for active ownership and performance improvement.

QDOBA RESTAURANT, which reported an EBITDA margin of LOGIN in 2018, 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

Qdoba Restaurant Corp. is a U.S.-based fast-casual Mexican restaurant chain headquartered in San Diego, California, United States. The brand specializes in customizable burritos, bowls, tacos, quesadillas, salads, and nachos prepared with fresh ingredients and made-to-order proteins, salsas, guacamole, and toppings. Qdoba built its concept around convenience and personalization, offering customers a highly flexible menu in a fast-casual setting that combines counter service with broad daypart appeal. The brand had also established strong consumer recognition as a Chipotle alternative, with a focus on flavor variety and menu customization. Qdoba's model centered on franchising and company-operated restaurants, giving it a mixed footprint and a scalable system. Revenue came from restaurant sales, franchise royalties, and related fees.

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REFERENCES

Valuation range: EV 300M - 700M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of QDOBA RESTAURANT by APOLLO GLOBAL MANAGEMENT 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: qdoba restaurant

Acquirer: apollo global management