October 4, 2023
Capital Canada Limited acted as an exclusive financial advisor to BarBurrito Restaurants Inc. (“BarBurrito”) for its sale of Canadian trademarks and intellectual property to Diversified Royalty Corp. (“DIV”) for a total consideration of over $100 million. Alex Shtein, BarBurrito's President, will retain full ownership and control, with Greg Gutmanis, DIV's CFO, advising on the board. DIV sees this as part of its strategy to acquire royalties from established multi-location businesses. Capital Canada Limited supported BarBurrito throughout the transaction process, a sentiment echoed by both Alex Shtein and Sean Morrison, DIV's President and CEO.
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