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Bain Capital acquires Retail Zoo from Riverside

30 May 2014

boostBain Capital has acquired Australian fast food group Retail Zoo from fellow private equity firm The Riverside Company.

The firms did not disclose the financial terms of the deal, but a source told Reuters that the business was valued at A$185m ($172.5m).

Retail Zoo, which owns the Boost Juice Bars chain, currently operates 294 stores in Australia and a further 100 in other countries including Singapore and the UK.

Riverside acquired a 65 per cent stake in Retail Zoo for A$64m in 2010.

Retail Zoo’s founders are expected to retain a minority stake in the company.

Boost Juice Bars’s UK business is backed by the Business Growth Fund, which made a £2.5 investment in January 2013.

The company was launched in Adelaide in 2003 and then expanded into more than 20 other markets.

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