Refranchising, divestitures drive 2014 M&A activity

Refranchising, divestitures drive 2014 M&A activity

Restaurant industry sees 107 deals during year, a 10-percent increase

Restaurant merger and acquisition activity in 2014 was driven primarily by brand divestitures and refranchising, according to the latest Chain Merger & Acquisition Census from the J.H. Chapman Group LLC.

The industry saw 107 deals last year, a 10-percent increase over the previous year, as companies went public and restaurants sold franchisees and brands, according to the census. Prices for restaurants skyrocketed, as interest in the space grew and lending to restaurants bec

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