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Boost Juice sells majority stake

Boost Juice sells majority stake

Hall & Wilcox has advised the founders of Boost Juice, Janine and Jeff Allis, in the sale of a majority stake in the Boost Investment Group to a US-based private equity firm, The Riverside…

Hall & Wilcox has advised the founders of Boost Juice, Janine and Jeff Allis, in the sale of a majority stake in the Boost Investment Group to a US-based private equity firm, The Riverside Company.

The agreement will result in the 65 per cent ownership by The Riverside Company of the Boost Investment Group.

The Boost Investment Group owns 250 Boost Juice Bars and Salsa Fresh Mex Grills across 14 countries.

Under the agreement, Jeff Allis will continue to run Boost Investment Group as CEO, and Janine Allis will continue her involvement with the executive team.

The Hall & Wilcox team was led by partner Bruce McFarlane and senior associate Oliver Jankowsky, and was supported by a number of other lawyers from the firm's mergers & acquisitions, taxation, employment & workplace relations, commercial dispute resolution, and franchising & distribution teams.

Lead partner Bruce McFarlane said of the deal: "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."

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