Oct. 26 at 10:59 PM
$LOCO Fits like a Taco bowl
Butterfly Equity’s Qdoba Acquisition Wins Deal of the Year
Emilee Wentland Apr 25, 2024 Updated Apr 25, 2024
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Butterfly Equity Principal Francesco D’Arcangelo, left, and Qdoba CEO John Cywinski at Butterfly’s headquarters in Beverly Hills, California.
Photo by Kyle Ellis
Butterfly Equity principal Francesco D'Arcangelo has been involved in acquiring Qdoba twice, once from Jack in the Box and, more recently, from his former employer, Apollo Global Management. Now, Butterfly plans to double 750-unit Qdoba's store count in a matter of years. That would keep the brand trailing behind Chipotle's 3,500 locations—but Qdoba is perfectly content sitting at No. 2.
