Restamax – Acquisition of Royal Ravintolat

We advised Restamax Plc in its acquisition of Royal Ravintolat.

The enterprise value of Royal Ravintolat in the transaction is MEUR 90. MEUR 20 of the purchase price will be paid in new Restamax shares to be issued to the sellers of Royal Ravintolat in a directed share issue. The transaction is expected to be completed during summer 2018.

Restamax has more than 130 restaurants, nightclubs and entertainment centres all over Finland. Royal Ravintolat group includes well-known individual restaurants, such as Savoy, Löyly, Elite, Ravintola Palace and Ravintola Teatteri, and several Hanko Sushi, Pizzarium and Sandro restaurants. The transaction will create one of the largest restaurant groups in the Nordic countries listed on the Helsinki Stock Exchange.