Spin Off • Restaurants

General Mills Exits Darden

On May 10, 1995, invested in restaurant Darden from General Mills

Investment Context
  • This is transaction in the Restaurants sector.
  • This is transaction in the United States.
  • This is transaction in Florida.

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Investment Summary

Date May 10, 1995
Target Darden
Sector Restaurants
Sellers(s) General Mills
Deal Type Spin Off

Target Company

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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Seller Profile 1

SELLER

General Mills

Minneapolis, Minnesota, United States

Category Company
Founded 1866
Sector Food
Employees34,000
Revenue 19.9B USD (2024)
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 Context for Seller #
Overall 1 of 12
Sector: Restaurants 1 of 1
Type: Spin Off 1 of 1
State: Florida 1 of 1
Country: United States 1 of 10
Year: 1995 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1970-01-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-15 Lloyd s Barbeque Co.

St. Paul, Minnesota, United States

Lloyd's Barbeque Company, L.L.C. produces barbecue ribs mixed with its barbeque sauce. The company offers pork and beef barbecue ribs; and shredded barbecue chicken, pork, and beef products. The company was founded in 1978 and is based in St. Paul, Minnesota. As of April 4, 2005, Lloyd's Barbeque Company is a subsidiary of Hormel Foods Corp.

Buy -