Deal Details
Initial Public Offering
Summary
Baird served as a bookrunner on this offering
About
Freshii, Inc. (“Freshii” or the “Company”) (TSX: FRII) recently completed an initial public offering of 10,900,000 shares generating gross proceeds of approximately $95.9 million.Freshii is a fast-growing restaurant brand serving a healthy and customizable menu built around high-quality ingredients such as fresh produce, lean proteins, healthy grains and ethnic spices. Founded in 2005 by Matthew Corrin in Toronto, Canada, Freshii’s core mission is to help people all over the world live healthier and better lives by making nutritious food affordable and convenient. Freshii offers a delicious and diverse menu that energizes people “on-the-go”, appealing to a broad spectrum of customers across many demographics. Since opening its first store in 2005, Freshii has grown to 244 stores located across 15 countries and in more than 30 states and provinces in North America as of September 25, 2016. The store base is approximately 98% franchised, with 240 franchised locations and four Company-owned stores. Freshii is headquartered in Toronto, Canada.
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- Date
- February 2017
- Company
- Freshii, Inc.
- Transaction
- M&A
- Sectors
- Consumer
- Target Geography
- North America
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