Adamantem Capital has snapped up a majority stake in the Boost Juice and Betty’s Burgers chains in a deal valuing parent company Retail Zoo at around $350 million, becoming the third private owner in a decade.
Adamantem Capital’s Georgina Varley led the deal to buy Retail Zoo – the owner of Betty’s Burger. CEO Nishad Alani will remain running the business, which also owns Boost Juice.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
