Apollo Buys Qdoba Restaurants for $305 Million Cash

Reuters reported that Jack in the Box Inc. is selling its Qdoba Restaurant unit to funds affiliated with Apollo Global Management LLC for about $305 Million in cash. See: https://www.reuters.com/article/us-jack-in-the-box-m-a-apollo-glo-mgmt/jack-in-the-box-to-sell-qdoba-restaurant-unit-for-305-million-cash-idUSKBN1ED1JI

Qdoba Restaurant operates and franchises more than 700 Qdoba Mexican Eats restaurants.

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The DD&M Hospitality Matters Law Blog examines topics and developments of interest to food and beverage groups and other restaurateurs, hotel owners and developers, and private equity and other investors active in the hospitality space, and others with an interest in recent legal and other developments concerning the hospitality space. This blog focuses on New York, but also includes developments from other jurisdictions.

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