Buyout (LBO, MBO, MBI) • Restaurants

Castle Harlan Acquires Luther s Bar-B-Q

On November 30, 1998, private equity firm Castle Harlan acquired restaurant Luther s Bar-B-Q

Acquisition Context
  • This is Castle Harlan’s 2nd transaction in the Restaurants sector.
  • This is Castle Harlan’s 11th transaction in the United States.
  • This is Castle Harlan’s 2nd transaction in Texas.
Investment Fate
  • Luther s Bar-B-Q was sold to a strategic buyer in 2006.

Explore All 369 Buyout (LBO, MBO, MBI) Restaurants Deals - Search the Database Free


M&A Deal Summary

Date November 30, 1998
Target Luther s Bar-B-Q
Sector Restaurants
Buyer(s) Castle Harlan
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Luther s Bar-B-Q

Houston, Texas, United States
Luther's Bar-B-Q, Inc. Operator of 20 family-oriented restaurants located in the major metropolitan areas of Houston, New Orleans and Denver.
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Buyer Overview 1

Buyer

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.


Deal Context for Buyer #
Overall 13 of 48
Sector: Restaurants 2 of 8
Type: Buyout (LBO, MBO, MBI) 7 of 17
State: Texas 2 of 7
Country: United States 11 of 36
Year: 1998 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-01 US Synthetic

Orem, Utah, United States

US Synthetic is an independent manufacturer of synthetic diamonds used in oil and gas drill bits. US Synthetic was founded in 1978 and is based in Orem, Utah.

Sell $165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Marie Callender s Restaurant & Bakery

Mission Viejo, California, United States

Marie Callender's Restaurant & Bakery serves casual dining chain committed to serving freshly prepared foods made with high quality ingredients and featuring a variety of classic yet updated American foods.

Buy $150M