Hall & Wilcox has advised Boost Juice founders Janine and Jeff Allis, in the sale of a majority stake in Boost Investment Group to US-based private equity firm The Riverside Company.
The agreement will see The Riverside Company own 65 per cent of the Boost Investment Group.
The Boost Investment Group owns Boost Juice Bars and Salsa Fresh Mex Grill with 250 stores in 14 countries.
Jeff Allis will continue to run Boost Investment Group as CEO, and Janine will continue her strong involvement working with the executive team.
Bruce McFarlane said of the deal, "The success of the transaction came down to the commitment of the whole team and the firm being able to provide seamless commercial advice from various practice areas under extreme time pressures."
"Boost is a high profile company and highly regarded brand in Australia and it has been a pleasure working with them.
"The transaction is a significant step for overseas private equity investment in Australia during a period of uncertainty. At the same time, it provides a great opportunity for Boost to continue its growth internationally.
"Hall & Wilcox has been involved in a number of significant private equity transactions in the middle market including acting for sellers, international buyers and management teams. Since the GFC, we have seen an increase in overseas investment in Australia."
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