Jolli-K (Jollibee Foods) / Elevation Equity Partners acquires 100% of Allday Fresh (Shabu Allday) for KRW 120bn

SI Consumer & Retail Restaurant franchise (shabu-shabu buffet)

Deal value: $83m
Stake: 100%
Implied 100%: $83m
Revenue: $37m
Op. income: $9m
Multiples: EQV/EBIT 8.8xPSR 2.2x

Target: Allday Fresh (Shabu Allday) · Restaurant franchise (shabu-shabu buffet)
Buyer: Jolli-K (Jollibee Foods) / Elevation Equity Partners · SI
Seller: Myungryundang
Structure: —
Announced: Feb 17, 2026
Closed: Apr 20, 2026
Stage: Closed

Target

Allday Fresh operates the franchise and food-service business of Shabu Allday, a premium Korean shabu-shabu buffet brand launched in July 2023 by Myeongryundang (operator of Myeongryun Jinsa Galbi), with about 169–170 stores nationwide as of January 2025; Jollibee described it as Korea's No. 1 hot-pot chain by store count.

Deal rationale

Jollibee Foods, through its 70%-owned Jolli-K (Elevation Equity Partners 30%), signed an SPA to acquire 100% of Allday Fresh for about KRW 120bn (~USD 87m). Chairman Tony Tan Caktiong said the partnership's 'complementary strengths' — JFC's global operating scale and Elevation's Korean market expertise — would accelerate Shabu Allday's growth. Hankyung and Digital Daily framed it, following the 2024 Compose Coffee deal (KRW 470bn), as a strategy of acquiring proven Korean brands to transplant into Southeast Asian markets where Jollibee is strong.

해외 진출신사업 진출

Revenue	$37m
Operating income	$9m
EBITDA	—
Net income	—

2024 · Multiple reports agree (not yet checked against DART)

Press coverage

한국경제 (2026-02-18): “인수가는 약 1200억원이다.”
디지털데일리 (2026-02-19): “인수 대금은 약 1200억원 규모다”
스마트투데이 (2026-04-20): “주식매매계약(SPA)을 최종 완료했다고 20일 밝혔다”
Philstar (2026-02-17): “has signed definitive agreements to fully acquire All Day Fresh Co. Ltd.”

This is a data entry summarising filings and press reports. Please check the original sources for the figures.