M&A
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Private equity firm triples investment with Jack's Family Restaurants sale
Onex Group is in the process of selling the casual dining chian reportedly receiving $835 million in proceeds from the transaction compared to its original investment of $234 million.
By Alicia Kelso • July 22, 2019 -
Cooper's Hawk reportedly to be sold for $700M
Several media outlets report private equity firm Ares Management is in the process of buying the upscale casual chain, adding to an already active year for restaurant M&A.
By Alicia Kelso • July 19, 2019 -
Brinker to acquire 116 franchised Chili's restaurants
The restaurant company plans to buy the stores, which generate $300 million in revenue per year, from Louisville, Kentucky-based ERJ Dining.
By Alicia Kelso • July 11, 2019 -
Sushi merger could mean additional kiosk growth in grocery stores
European sushi chain Yo! Sushi will pay $425 million for Houston-based Snowfox, which operates 700 store kiosks, primarily in supermarkets.
By Jennifer Sweeney • July 05, 2019 -
Hooters of America sold to 2 private equity firms
Nord Bay Capital and TriArtisan Capital, which just bought P.F. Chang's, are acquiring the chain as it continues to struggle with brand perception, sales declines and unit reduction.
By Julie Littman • July 02, 2019 -
Del Frisco's sold to private equity firm for $650M
Following a strategic review, the restaurant group agreed to an acquisition by L Catterton, which plans to operate Del Frisco's Grille and Del Frisco's Double Eagle Steakhouse separately from bartaco and Barcelona Wine Bar.
By Julie Littman • June 24, 2019 -
FAT Brands acquires Elevation Burger for $10M
With this latest transaction, FAT Brands grows to over 400 restaurants and annual systemwide sales of more than $400 million.
By Julie Littman • June 20, 2019 -
Activist investor wants to remove five Red Robin directors
Vintage Capital wants the casual dining chain to call a special investors meeting where the shareholder would propose to remove five directors from the board.
By Alicia Kelso • UPDATED: June 19, 2019 at 9 a.m. -
Sweetgreen buys meal delivery company in first-ever acquisition
The deal with Washington, D.C.-based Galley Foods will give the salad chain access to new logistics technology, production capacity and "unparalleled insight into delivery," sweetgreen CEO Jonathan Neman said.
By Emma Liem • June 11, 2019 -
Perkins & Marie Callender's considers sale, bankruptcy
The casual dining firm joins a litany of full-service brands, including P.F. Chang's and Sullivan's Steakhouse, that have undergone sales in recent months.
By Julie Littman • June 10, 2019 -
Pei Wei acquired by private equity firm
Centerbridge Partners sold the Asian fast-casual concept to PWD Acquisition for an undisclosed amount, just a few months after offloading sister brand P.F. Chang's.
By Emma Liem • June 05, 2019 -
Whataburger sells majority stake to private equity firm
The family-owned burger chain, which is reportedly worth more than $6 billion, has sold a majority stake to BDT Capital while the Dobson family will retain minority ownership.
By Lauren Manning • UPDATED: June 14, 2019 at 2:56 p.m. -
Jack in the Box is no longer exploring sale
The company is instead planning to implement a new capital structure that is expected to drive shareholder value.
By Julie Littman • May 16, 2019 -
Resy acquired by American Express
The credit card company's acquisition is part of an ongoing strategy to expand its digital-first benefits and services to its more than 100 million card members, and could help Resy better compete with OpenTable.
By Julie Littman • May 15, 2019 -
Booking Holdings acquires guest management platform Venga
The move lets OpenTable's restaurant clients create comprehensive diner profiles that include eating preferences and spend and order history.
By Emma Liem • May 06, 2019 -
Just Eat buys POS system Practi to lock down restaurant loyalty
The $8.7 million acquisition of the firm, which services independent restaurants and small chains, could strengthen Just Eat's restaurant portfolio.
By Alicia Kelso • April 17, 2019 -
Papa Murphy's acquired by MTY Food Group for $190M
The sale will give the take-and-bake pizza chain new capital investments that could help top line sales growth and increase franchisee profitability.
By Julie Littman • April 11, 2019 -
Activist investor wants to take over J. Alexander's for $186M
The causal chain rejected the offer from Ancora Advisors, which owns 1.3 million shares of the company, saying the proposal would undermine shareholder value.
By Lauren Manning • UPDATED: April 12, 2019 at 9:54 a.m. -
Chuck E. Cheese plans to go public after merger
The merger between Leo Holdings and Queso could position the chain to purchase other family concepts, CEC Entertainment CEO Tom Leverton hinted during a webcast.
By Julie Littman • April 08, 2019 -
ezCater acquires Monkey Group, growing its catering platform capabilities
The deal brings together two top catering tech firms, creating a more robust tool to support the growing off-premise segment.
By Julie Littman • March 27, 2019 -
McDonald's buys Dynamic Yield for $300M to improve drive-thru experience
The new technology will be used to roll out digital menu boards that can change depending on the weather, time of day and existing restaurant traffic, providing more personalization at the drive-thru.
By Julie Littman • March 26, 2019 -
Del Frisco's forges ahead on expansion plans despite significant traffic declines
The restaurant group plans to add 11 new bartaco locations by the end of 2020, and CEO Norman Abdallah is hopeful the brand's performance will boost Double Eagle and Del Frisco's Grille's business.
By Alicia Kelso • March 14, 2019 -
What JAB Holding's IPO plans mean for Starbucks
The company wants to take its Acorn coffee and beverages business, which includes Peet's Coffee and Stumptown Roasters, public in the next two years.
By Alicia Kelso • Feb. 26, 2019 -
Cheesecake Factory debuts Asian fast casual concept
The chain is pausing development on its RockSugar and Grand Lux Cafe concepts to focus on newly launched Social Monk, which marks the company's first venture outside casual dining.
By Alicia Kelso • Feb. 25, 2019 -
Lemonade and Modern Market Eatery form new restaurant group
The better-for-you chains will continue to operate independently under Modern Restaurant Concepts, a move that could help the brands scale their footprints.
By Emma Liem • Feb. 21, 2019
