Cara Operations Limited
$200,100,000.00
8,700,000.00 Common Shares at $23.00
Initial Public Offering - Closed - Friday, April 10, 2015
Company Description
Cara Operations Limited is Canada’s largest full-service restaurant company and third largest restaurant operator based on 2013 sales. As at December 30, 2014, Cara had 10 brands and 837 restaurants across Canada, 89% of which are operated by franchisees. Cara’s restaurant network includes iconic brands that resonate with Canadians, such as Swiss Chalet and Harvey’s.
| Address: |
199 Four Valley Drive Vaughan, Ontario, L4K 0B8 Canada |
|---|---|
| Phone Number: | 905 760-2244 |
| Fax Number: | 866 707-1268 |
| Website: |
| Industry: | Hotels, Restaurants, Leisure |
|---|---|
| Closing Date: | Friday, April 10, 2015 |
| 1st Day of Trading: | Friday, April 10, 2015 |
| Primary Symbol: | CAO |
| Exchange: | Toronto |
Proceeds
The net proceeds of the offering will be used to repay indebtedness under the Company’s existing credit facility.
| Gross Proceeds: | $200,100,000.00 |
|---|---|
| Underwrting Fees: | $10,005,000.00 |
| Expense Offering: | $5,000,000.00 |
| Net Proceeds: | $185,095,000.00 |
| Lead Underwriter: | Scotia Capital Inc. |
|---|---|
| Other Underwriter(s): |
RBC Dominion Securities Inc. CIBC World Markets Inc. BMO Nesbitt Burns Inc. TD Securities Inc. National Bank Financial Inc. GMP Securities Ltd. Raymond James Ltd. Laurentian Bank Securities Inc. Canaccord Genuity Corp. Cormark Securities Inc. |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 3.54 % | -3.44 % | -7.62 % | 17.04 % |
| Post IPO Performance | 43.04 % | 43.04 % | 48.91 % |
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