Agreement signedPublished 8 Jan 2024

First Watch Restaurants, Inc. /
VIM Holdings, LLC

First Watch to buy VIM restaurant assets

Buy side: First Watch Restaurants, Inc.
Buy sideFirst Watch Restaurants, Inc.
Target: VIM Holdings, LLC
TargetVIM Holdings, LLC
Source · 8 Jan 2024Source-verified
Buy side: First Watch Restaurants, Inc.
Buy sideFirst Watch Restaurants, Inc.
Target: VIM Holdings, LLC
TargetVIM Holdings, LLC
01 / BuyerFirst Watch Restaurants, Inc.
02 / TargetVIM Holdings, LLC
Source-verified
01

What happened

First Watch Restaurants, Inc. agreed to acquire substantially all of the assets of VIM Holdings, LLC and its subsidiaries related to 21 franchise-owned First Watch restaurants and one restaurant under development in North Carolina.

The purchase price is $75 million on a cash-free, debt-free basis, subject to adjustments. The restaurants serve and specialize in full-service breakfast and lunch fare.

02

The source

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01
Source · Original source

First Watch to buy VIM restaurant assets

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03

Timeline

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  1. Published by the source

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    Source-verified

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