Sentinel Capital Partners has acquired Fazoli’s Group, an Italian fast casual franchisor and operator of Fazoli’s restaurants, from Sun Capital Partners. Fazoli’s is a Italian fast casual dining concept that offers moderately priced Italian pasta entrees, sandwiches, pizza and salads. Fazoli’s has 213 franchised and company restaurants. The company was founded in 1988 and is…...
casual restaurant
Argonne and Fortress Acquire On The Border
Argonne Capital Group has completed its previously announced acquisition of On The Border Mexican Grill & Cantina from Golden Gate Capital. Argonne Capital partnered with Fortress Investment Group on the transaction. On The Border is a full-service, casual dining Mexican restaurant which operates 121 units across the US and also franchises 36 units across the…...
Sentinel and TriArtisan Acquire TGI Fridays
Carlson has entered into an agreement for the sale of TGI Fridays Restaurants to Sentinel Capital Partners and TriArtisan Capital Partners. TGI Fridays will continue to be run by its current management team, led by President and CEO Nick Shepherd. The transaction is expected to close by July 2014. TGI Fridays is a casual dining…...
Golden Gate Acquires Red Lobster
Darden Restaurants has entered into an agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1 billion in cash. The purchase price is approximately 9x Red Lobster’s EBITDA for the twelve months ending April 27, 2014. Darden expects the sale of the Red Lobster…...
Brentwood Invests in Lazy Dog
Brentwood Associates has made a significant investment in Lazy Dog Restaurant & Bar, a casual dining restaurant company. CEO and founder Chris Simms will continue to lead the company and the management team will retain a substantial ownership stake in the company. “At Lazy Dog, we’ve always focused on supporting and developing our people, enabling…...
