Rick Di Donato Joins Redberry Group

TORONTO–(BUSINESS WIRE)–Redberry Group (“Redberry”) is excited to welcome Rick Di Donato to the
position of Director, Development. In this newly-created role, Rick will
be responsible for overseeing new store development and accelerating
Redberry’s expansion strategy in Canada. With over 16 years of
experience in retail, Rick is an expert in both full service and QSR
real estate. Prior to joining Redberry, Rick led the real estate
function for Starbucks Coffee Canada, Inc. where he oversaw an
aggressive new store development strategy in the GTA. Before Starbucks,
Rick was Director, Real Estate for Prime Restaurants Inc. and worked a
number of years leading new store development at Tim Hortons.

Earlier this year, City Capital Ventures, LLC (“CCV”), a private
investment partnership headquartered in Chicago, Illinois, announced the
acquisition of Toronto-based Redberry Group and plans to accelerate new
unit growth for both the Burger King and Pizza Hut brands in Canada.

About Redberry Group

Founded in 2005, Redberry Group is one of the largest quick-service
restaurant franchisees in North America with 134 restaurants consisting
of 111 Burger King restaurants and 23 Pizza Hut restaurants. The Burger
King locations represent 40% of all Canadian Burger King locations
across Ontario, Quebec and Manitoba. Redberry’s Pizza Hut units are
located in Alberta.

About City Capital Ventures

City Capital Ventures is an investment partnership whose purpose is to
pair capital with business opportunity in a better, more-tailored way.
Investing on behalf of their network of family offices and private
market investors, CCV seeks out firms with innovative business designs
and attractive niche positions and looks to invest at inflection
points—not pre-determined stages. Because of their flexible mandate, CCV
investments are unbound by size or industry, though they typically
invest in consumer, commercial and service businesses requiring up to
$100 million of capital. CCV’s aim is to create lasting value for their
investors, the companies in which they invest, and the broader
stakeholders touched by their companies. For more information, visit www.citycapitalventures.com.

Contacts

Sharron Fry
Sharron.Fry@redberryfs.ca