On June 29, 2021, ABP Corporation (“Au Bon Pain” or the “Company”), a leading, internationally franchised fast casual bakery-café chain, and subsidiary of Panera Bread, was acquired by Ampex Brands LLC (“Ampex”).
The Restaurant M&A Practice of Duff & Phelps, A Kroll Business, served as exclusive financial advisor to Au Bon Pain in connection with the transaction.
About Au Bon Pain
Based in Boston, Massachusetts and a subsidiary of Panera Bread since 2017, Au Bon Pain is a fast casual bakery-café concept with 187 locations domestically and internationally. The Company's cafés offer the freshest and highest quality breads and baked goods, coffee beverages and chef-inspired sandwiches, soups and salads, all marked by unmatched portability. Living up to its name, which means “good bread”, Au Bon Pain bakes its breads and pastries fresh on-premise daily. TCF Law Group, PLLC served as legal counsel to Au Bon Pain.
About Ampex Brands
Founded in 2005 by Tabbassum Mumtaz, Ampex Brands is a Yum! Brands and 7-Eleven franchisee of QSR and convenience stores. With its acquisition of the Au Bon Pain brand (both domestically and internationally), Ampex Brands has catapulted into the franchisor role.