Jun 22, 2026 – 1.52pmMarie Antoinette may or may not have said “let them eat cake”, but the owners of the Cheesecake Shop are hoping the people will also eat burgers and frozen yoghurt.Cheesecake Shop owner River Capital is getting into burgers and frozen yoghurt. AFRSarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Private equity loads up at Melbourne chain Yo My Goodness
River Capital’s majority shareholding is expected to be housed in the Josh Ludski-led strategic investments fund, which focuses on private equity opportunities.
TL;DRAI
River Capital (Cheesecake Shop owner) diversifies into burgers and frozen yoghurt via Yo My Goodness Melbourne chain acquisition. PE play reflects consolidation trend in Australian F&B; signals growth appetite beyond core Cheesecake Shop vertical.
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