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MMCN Investments Acquires 50% Stake in Bofinger BBQ Smokehouse Restaurants

February 5, 2014

Bofinger BBQ Smokehouse Restaurants said that it has completed the sale of a 50 percent stake in its parent company, Bofinger Holdings Group , to MMCN Investments Inc. In a release, Bofinger said that the addition of MMCN as a shareholder is expected to bring synergistic value to the restaurant chain by introducing its 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 level". IJW Management Inc. and Hermitage Canada Finance Inc. acted as financial advisors to Bofinger Holdings Group in its sale to MMCN Investments Inc. Bofinger BBQ Smokehouses is a chain of retail restaurants specializing in American style bbq and food products. 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. ((Comments on this story may be sent to ))

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Source: Health & Beauty Close - Up

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