A&W Revenue Royalties Income Fund and A&W Food Services Combine to Form A&W Food Services NewCo
October 17, 2024
A&W Revenue Royalties Income Fund and A&W Food Services of Canada completed a strategic combination to create A&W Food Services NewCo, a publicly traded, growth-focused quick-service restaurant franchisor. The transaction resulted in the Fund units being delisted from the TSX and the common shares of A&W Food Services NewCo beginning trading on the TSX under ticker "AW" on October 18, 2024, providing a more conventional capital structure to finance growth initiatives.
- Buyers
- A&W Revenue Royalties Income Fund, A&W Food Services of Canada Inc., A&W Food Services NewCo
- Targets
- A&W Revenue Royalties Income Fund, A&W Food Services of Canada Inc.
- Sellers
- Unitholders of A&W Revenue Royalties Income Fund
- Industry
- Restaurants & Hospitality
- Location
- British Columbia, Canada
- Transaction Type
- Recapitalization
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