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Retail Zoo

Australian company From Wikipedia, the free encyclopedia

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Retail Zoo is an Australian company. It is the owner of multiple major restaurant chains, including Boost Juice, Betty’s Burgers and Salsa's Fresh Mex Grill.[1] It also owned Cibo Espresso prior to that chain's sale in 2024.[2]

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It is a private company valued at around half a billion dollars.[3] The company has explored a public listing on at least two occasions, first exploring and then putting on pause the idea in 2019; before resuming its pursuit of an IPO again in 2022.[3] In February 2023, Australian private equity firm Adamantem Capital acquired a majority stake in the company for $350 million.[4][5]

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History

Retail Zoo was founded by Janine and Jeff Allis in 2000.[6] A majority stake was later sold to private equity investor Riverside Company. In 2014 Riverside's shareholding was purchased by Bain Capital.[7][8] During this time, it explored a public listing on the ASX in 2019, but the listing ultimately didn't go ahead that year; and remained owned by Bain.[9][10][11][12] In 2022 the company lodged documents with the Australian Securities & Investments Commission to change its status to a public company.[1] However, it was later acquired by Australian private equity firm Adamantem Capital following a $225m capital raise through debt syndication by the Commonwealth Bank.[13]

Its reported valuation history is as follows:

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References

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