M&A Deal Summary

General Mills Acquires Darden

On January 1, 1970, General Mills acquired restaurant Darden

Acquisition Highlights
  • This is General Mills’ 1st transaction in the Restaurants sector.
  • This is General Mills’ 1st transaction in the United States.
  • This is General Mills’ 1st transaction in Florida.
Investment Fate
  • Darden was sold to a strategic buyer in 1995.

M&A Deal Summary
Date 1970-01-01
Target Darden
Sector Restaurants
Buyer(s) General Mills
Deal Type Add-on Acquisition

Target

Darden

Orlando, Florida, United States
Entrance to Darden's corporate headquarters in Orlando, Florida.
Entrance to Darden's corporate headquarters in Orlando, Florida.
Darden is a large full-service restaurant company that owns and operates more than 2,100 restaurants. Darden is recognized for a culture that rewards caring for and responding to people. Darden's restaurants includes Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's and Yard House. Darden was formed in 1968 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

General Mills

Minneapolis, Minnesota, United States
Category Company
Founded 1866
Sector Food
Employees32,500
Revenue 20.1B USD (2023)
DESCRIPTION
Entrance to General Mills' corporate headquarters in Minneapolis.
Entrance to General Mills' corporate headquarters in Minneapolis.

General Mills is a multinational manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the foodservice and commercial baking industries. General Mills' portfolio includes a wide range of well-known brands such as Cheerios, Yoplait, Betty Crocker, Pillsbury, Haagen-Dazs, Annie's Homegrown, and Nature Valley, among others. The company's products encompass various categories, including cereals, yogurt, snack bars, meal kits, ready-to-eat meals, and frozen desserts. General Mills was founded in 1866 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 1 of 21
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 17
State (Florida) 1 of 1
Country (United States) 1 of 17
Year (1970) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-05-10 Darden

Orlando, Florida, United States

Darden is a large full-service restaurant company that owns and operates more than 2,100 restaurants. Darden is recognized for a culture that rewards caring for and responding to people. Darden's restaurants includes Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's and Yard House. Darden was formed in 1968 and is based in Orlando, Florida.

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