Mergers and Acquisitions

Diversified Royalty Corp. acquires trademarks and other intellectual property rights of BarBurrito Restaurants Inc.

Diversified Royalty Corp.
Key Contact
Bradley A. Newby

Partner, Corporate, Vancouver

Team
Trevor R. Scott

Partner, Corporate, Vancouver

Minji Park

Associate, Corporate, Vancouver

Peter Horemans

Associate, Corporate, Vancouver

Dominic Mochrie

Partner, Franchise and Distribution, Toronto

Ryan McCabe

Associate, Franchise and Distribution, Toronto

Sandra Sbrocchi

Head, Osler Works - Transactional, Ottawa

Sergey Stefanishin

Associate Director, Osler Works – Transactional, Toronto

 

On October 4, 2023, Diversified Royalty Corp. announced its acquisition of the trademarks and certain other intellectual property rights of BarBurrito Restaurants Inc. in Canada for $108 million. Pursuant to the transaction, Diversified Royalty Corp. licensed the BarBurrito Rights back to BarBurrito for 99 years which is in exchange for an initial royalty payment of $8.3 million per annum.

Diversified Royalty Corp. is a multi-royalty corporation that is focused on acquiring royalties from businesses and franchisors across North America.

BarBurrito Restaurants Inc., founded in 2005 has over 260 restaurants across Canada.

Osler, Hoskin & Harcourt LLP advised Diversified Royalty Corp. with a team consisting of Brad Newby, Trevor Scott, Minji Park,  Peter Horemans and Lucas Hodgson, (Corporate), Dominic Mochrie and Ryan McCabe (Franchise and Distribution), Katherine Goddard (Intellectual Property) and Sandra Sbrocchi and Sergey Stefanishin  (Osler Works – Transactional).

Value
$108 million
Date Closed
October 4, 2023
Lead Office
Toronto
Key Contact
Bradley A. Newby

Partner, Corporate, Vancouver

Team
Trevor R. Scott

Partner, Corporate, Vancouver

Minji Park

Associate, Corporate, Vancouver

Peter Horemans

Associate, Corporate, Vancouver

Dominic Mochrie

Partner, Franchise and Distribution, Toronto

Ryan McCabe

Associate, Franchise and Distribution, Toronto

Sandra Sbrocchi

Head, Osler Works - Transactional, Ottawa

Sergey Stefanishin

Associate Director, Osler Works – Transactional, Toronto