M&A Deal Summary

Apollo Global Management Acquires CKE Restaurants

On April 26, 2010, asset manager Apollo Global Management acquired franchising company CKE Restaurants for 1.0B USD

Acquisition Highlights
  • This is Apollo Global Management’s 1st transaction in the Franchising sector.
  • This is Apollo Global Management’s 36th largest (disclosed) transaction.
  • This is Apollo Global Management’s 20th transaction in the United States.
  • This is Apollo Global Management’s 4th transaction in California.
Investment Fate
  • CKE Restaurants was sold to a consortium of financial buyers in 2013.

M&A Deal Summary
Date 2010-04-26
Target CKE Restaurants
Sector Franchising
Buyer(s) Apollo Global Management
Deal Type Going Private
Deal Value 1.0B USD

Target

CKE Restaurants

Carpinteria, California, United States
website
CKE Restaurants is a franchisor and operator of quick-service restaurants. CKE owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr., Hardee’s®, Green Burrito and Red Burrito.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 23 of 134
Sector (Franchising) 1 of 1
Type (Going Private) 7 of 30
State (California) 4 of 15
Country (United States) 20 of 98
Year (2010) 2 of 6
Size (of disclosed) 36 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-05 Aleris International

Cleveland, Ohio, United States

Aleris International is a producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Major customers include some of the world’s largest companies in the aerospace, building and construction, containers and packaging, metal distribution, and transportation industries. Aleris serves these customers with its low-cost, flexible, technically advanced and strategically located manufacturing operations supported by industry-leading research and development.

Buy $690M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-30 LyondellBasell

Houston, Texas, United States

LyondellBasell is a large plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies. LyondellBasell Industries was founded in 1955 and is based in Houston, Texas.

Buy -
Mergr

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