Investment Summary

CIC Partners Invests In DF&R Restaurants

On January 1, 1990, private equity firm CIC Partners invested in restaurant DF&R Restaurants

Investment Highlights
  • This is CIC Partners’ 1st transaction in the Restaurants sector.
  • This is CIC Partners’ 5th transaction in the United States.
  • This is CIC Partners’ 5th transaction in Texas.
Investment Fate
  • DF&R Restaurants was sold to a strategic buyer in 1996.

Investment Summary
Date 1990-01-01
Target DF&R Restaurants
Sector Restaurants
Investor(s) CIC Partners
Deal Type Stake Purchase

Target

DF&R Restaurants

Bedford,, Texas, United States
At the time of CIC Partners' investment in 1990, DF&R Restaurants owned and operated 11 Harrigan's (American cuisine) and six Don Pablo's (Mexican cuisine) restaurants.

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Investor(S) 1

Investor

CIC Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 43
Sector (Restaurants) 1 of 7
Type (Stake Purchase) 3 of 8
State (Texas) 5 of 25
Country (United States) 5 of 42
Year (1990) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 Darling Ingredients

Irwing, Texas, United States

Darling Ingredients is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy and fertilizer industries. Darling Ingredients was incorporated in 1882 and is based in Irving, Texas.

Sell $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Sierra Technologies

Simpsonville, South Carolina, United States

Sierra Technologies, a Buffalo-based designer and manufacturer of radio-frequency avionics equipment for the U.S. military, was an orphaned division of LTV, its bankrupt corporate parent. Major products included station-keeping equipment, avionic threat simulators and F-16 'heads-up' displays.

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