Bain Capital Boosts Juice with Riverside at Retail Zoo
June 02, 2014
Bain Capital has acquired Retail Zoo, an owner of four quick service restaurant concepts, from The Riverside Company. The deal represents Riverside's 100th exit since its founding in 1988. Retail Zoo's four concepts—Boost Juice, Salsa's, Cibo Espresso and Hatch—boast nearly 400 stores across Australia and nine international markets. Since Riverside invested in 2010, the company grew its store network from 240 to 394, adding on Cibo Espresso, a chain of 23 gourmet Italian coffee bars, in 2012. Earnings also grew by more than 150% during Riverside's holding period.