Zoës Kitchen, Inc. acquired by CAVA Group, Inc.
CAVA Group, Inc. acquired Zoës Kitchen, Inc., a US fast casual mediterranean restaurant chain brand, on Nov 21, 2018.
Transaction summary
- Target
- Zoës Kitchen, Inc.
- Acquirer
- CAVA Group, Inc.
- Seller
- -
- Announced
- 2018-08-17
- Geography
- United States
- Type
- Take Private
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 300M
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
0.96x
Period: FY2017 Revenue; Approximate Transaction EV
Basis: Derived from source data
EV / EBITDA
16.3x
EBITDA: normalised / adjusted
Basis: Public source
Basis
- The announced whole-company value is approximately USD 300m. FY2017 revenue was USD 314.101m (annual filing); USD 300m / USD 314.101m gives approximately 0.96x. The merger proxy reports 16.3x EV to LTM adjusted EBITDA for the preliminary LTM ended July 9, 2018, a different period from the revenue; it is not derived from FY2017 EBIT. The EBITDA amount is unknown.
Source summary
Zoës Kitchen, Inc. to be Acquired by CAVA Group, Inc.
Confirmedan enterprise value of approximately $300 million
Open sourceCAVA Announces Completion of Zoës Kitchen Acquisition
Confirmedhas completed its acquisition of Zoe’s Kitchen, Inc.
Open sourceZoës Kitchen Definitive Proxy Statement
ConfirmedMerger Consideration Implied Multiple: EV / LTM EBITDA
Open sourceZoës Kitchen, Inc. to be Acquired by CAVA Group, Inc.
ConfirmedFOR IMMEDIATE RELEASE August 17, 2018 , Plano, TX: Zoe’s Kitchen, Inc.
Open sourceZoës Kitchen, Inc. to be Acquired by CAVA Group, Inc.
Confirmedto be acquired in a transaction by privately held Cava Group, Inc.
Open sourceCAVA Announces Completion of Zoës Kitchen Acquisition
ConfirmedNovember 21, 2018 , Washington D.C. : CAVA Group Inc.
Open sourceCAVA Announces Completion of Zoës Kitchen Acquisition
ConfirmedThe acquisition will bring Zoës Kitchen into the private market
Open sourceDocument
ConfirmedDecember 25, 2017 December 26, 2016 Dollars Percentage (Dollars in thousands)
Open sourceZoës Kitchen Definitive Proxy Statement
ConfirmedMerger Consideration Implied Multiple: EV / LTM EBITDA Implied Multiple Reference Range: EV/ LTM EBITDA 16.3x
Open sourceContinue your research
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