Article Date 03/03/2021

Image from : Le journal de la Franchise

Foodtastic Secures $50 Million Equity Investment to Expand Acquisition Strategy

Source Newswire

MONTREALFeb. 24, 2021 /CNW/ - Foodtastic Inc. ("Foodtastic") is pleased to announce that it has secured a $50 million investment from Restaurant Royalty Partners ("RRP"), a joint venture between funds managed by Oaktree Capital Management, L.P. ("Oaktree"), majority owned by Brookfield Asset Management Inc. (TSX: BAM.A), and JHR Capital LLC ("JHR Capital"). This capital is in addition to the $47 million RRP committed to Foodtastic in 2018.

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