M&A Deal Summary

American Securities Acquires Caribbean Restaurants

On October 1, 1996, private equity firm American Securities acquired restaurant Caribbean Restaurants from Quad-C Management

Acquisition Highlights
  • This is American Securities’ 1st transaction in the Restaurants sector.
  • This is American Securities’ 1st transaction in Puerto Rico.
Investment Fate
  • Caribbean Restaurants was sold to a consortium of financial buyers in 1999.
  • Caribbean Restaurants was sold to a consortium of financial buyers in 2004 for 340M USD.

M&A Deal Summary

Date 1996-10-01
Target Caribbean Restaurants
Sector Restaurants
Buyer(s) American Securities
Sellers(s) Quad-C Management
Deal Type Secondary Buyout

Target

Caribbean Restaurants

San Juan, Puerto Rico
Caribbean Restaurants operates 171 Burger King restaurants in Puerto Rico and has been in continuous operation for 43 years. CRI is the market leader and most successful quick-service restaurant franchise on the island. Caribbean Restaurants was founded in 1963 and is based in San Juan, Puerto Rico.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 5 of 81
Sector (Restaurants) 1 of 3
Type (Secondary Buyout) 1 of 37
Country (Puerto Rico) 1 of 1
Year (1996) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-08-28 MVE

Bloomington, Minnesota, United States

MVE, Inc. is a manufacturer and distributor of systems used to transport and store cryogenic elements (CO2, nitrogen, oxygen, and argon) in their liquid states. MVE's equipment is used in a wide variety of industries, including the steel, food, chemical, semiconductor, home health care, restaurant, and animal breeding and biological research.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-08-21 CTB

Milford, Indiana, United States

CTB, Inc. is a designer, manufacturer and marketer of equipment and systems for the poultry, hog, egg production and grain industries.

Sell -

Seller(S) 1

SELLER

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 1 of 48
Sector (Restaurants) 1 of 3
Type (Secondary Buyout) 1 of 27
Country (Puerto Rico) 1 of 1
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Huddle House

Atlanta, Georgia, United States

Huddle House, Inc. is a full-service family restaurant chain, is well-known for serving “Any Meal. Huddle House restaurants feature moderately priced food and beverage items, served during all day parts with full table service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-18 Century Graphics

Metairie, Louisiana, United States

Century Graphics Corp. is a printer of advertising inserts serving the retail and grocery industries. The Company's products are delivered to their intended audience through targeted media, primarily newspapers, direct mail and in-store racks.

Sell -