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CenterOak sells Wetzel’s Pretzels for $207m

CenterOak Partners, a Dallas-based private equity firm, has completed the sale of Wetzel’s Pretzels to MTY Franchising USA, Inc, a wholly owned subsidiary of MTY Food Group Inc, for a cash purchase price of $207 million.  

CenterOak Partners (CenterOak), a Dallas-based private equity firm, has completed the sale of Wetzel’s Pretzels (Wetzel’s) to MTY Franchising USA, Inc, a wholly owned subsidiary of MTY Food Group Inc, for a cash purchase price of $207 million.  
 
Headquartered in Pasadena, California, Wetzel’s is the second largest US franchisor and owner of quick service restaurants operating in the soft pretzel category. CenterOak acquired Wetzel’s in 2016.   
  
North Point Mergers and Acquisitions served as the exclusive financial advisor to Wetzel’s in connection with the transaction. Gibson, Dunn & Crutcher LLP served as legal counsel to the Company.  
 
 

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