MONTREAL, Jan. 28, 2014 /CNW Telbec/ - Montreal-based Bofinger BBQ
Smokehouse Restaurants ("Bofinger" or the "Company") is pleased to
announce that it has completed the sale of a 50% stake in its parent
company, Bofinger Holdings Group, to MMCN Investments Inc. ("MMCN").
The addition of MMCN as a shareholder is expected to bring synergistic
value to the restaurant chain by introducing Bofinger products into
retail distribution outlets, additional management, as well as the
eventual rollout of further retail locations.
"Through our involvement, we expect to increase operational efficiencies
of the Company's central kitchen as well build the Bofinger brand's
market awareness within Quebec and Canada", said Chris Persechino,
partner at MMCN Investments. "Part of our focus will be to capitalize
on the companies great products by bringing them to retail distribution
as well as build out further restaurants across the Province".
"We are very excited to have MMCN as part of the Bofinger family", said
Lorne Bienstock, President of Bofinger Restaurants. "We share their
vision and believe they are the right partners to take us to the next
IJW Management Inc. and Hermitage Canada Finance Inc. acted as financial
advisors to Bofinger Holdings Group in its sale to MMCN Investments
About Bofinger Holdings Group (www.bofinger.ca)
Founded in 2007, Bofinger BBQ Smokehouses is a chain of retail
restaurants specializing in American style bbq and food products. Along
with servicing the general public with its food offerings, the Company
also distributes its own private labeled sauces and cooking spices to
major food retailers in Quebec.
About IJW Management Inc. (www.ijw.ca)
IJW Management Inc. is a Canadian based corporate finance boutique,
providing strategic advice on mergers and acquisitions, corporate
finance, and business valuation to mid-market companies. Founded in
2004, IJW has since become one of the fastest growing corporate finance
boutiques headquartered in Montreal, Canada. The firm specializes in
advising companies with enterprise values between $5 million and $50
SOURCE: IJW Management Inc.
For further information:
Bofinger Holdings Group
Corporate Finance and M&A Associate
IJW Management Inc.
T. 514 685 8047 EXT. 102