M&A Deal Summary

L Catterton Partners, Bain Capital Private Equity and Quilvest Capital Partners Acquire Bloomin Brands

On November 6, 2006, growth capital firm L Catterton Partners, private equity firm Bain Capital Private Equity and private equity firm Quilvest Capital Partners acquired restaurant Bloomin Brands for 3.2B USD

Acquisition Highlights
  • This is L Catterton Partners’ 6th, Bain Capital Private Equity’s 3rd and Quilvest Capital Partners’ 3rd transaction in the Restaurants sector.
  • This is L Catterton Partners’ , Bain Capital Private Equity’s 17th and Quilvest Capital Partners’ 3rd largest (disclosed) transaction.
  • This is L Catterton Partners’ 29th, Bain Capital Private Equity’s 38th and Quilvest Capital Partners’ 13th transaction in the United States.
  • This is L Catterton Partners’ 4th, Bain Capital Private Equity’s 2nd and Quilvest Capital Partners’ 2nd transaction in Florida.
Investment Fate
  • Bloomin Brands went public in 2012.

M&A Deal Summary

Date 2006-11-06
Target Bloomin Brands
Sector Restaurants
Buyer(s) L Catterton Partners
Bain Capital Private Equity
Quilvest Capital Partners
Deal Type Going Private
Deal Value 3.2B USD

Target

Bloomin Brands

Tampa, Florida, United States
Bloomin' Brands is a casual dining restaurant with a portfolio of brands that includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar, and Roy's Hawaiian Fusion Cuisine. Bloomin' Brands was founded in 1988 and is based in Tampa, Florida.

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Buyer(S) 3

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 31 of 218
Sector (Restaurants) 6 of 30
Type (Going Private) 1 of 5
State (Florida) 4 of 7
Country (United States) 29 of 132
Year (2006) 6 of 6
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-15 Tabi International

Toronto, Ontario, Canada

Tabi International Corp. is a specialty apparel retailer in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 PatientPoint

Cincinnati, Ohio, United States

PatientPoint is a provider of patient and physician engagement IT solutions at the point of care. PatientPoint programs provide engaging content through a host of delivery channels including digital waiting room screens in physician offices and hospitals and interactive touchscreens in the exam room. Unlike most of its competitors, PatientPoint develops the majority of its content internally, tailoring education to specific specialties to ensure that it meets the unique needs of patients and providers in the point-of-care environment. PatientPoint was founded in 1987 and is based in Cincinnati, Ohio.

Buy -
Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 52 of 233
Sector (Restaurants) 3 of 6
Type (Going Private) 5 of 22
State (Florida) 2 of 5
Country (United States) 38 of 124
Year (2006) 12 of 14
Size (of disclosed) 17 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Boart Longyear

Salt Lake City, Utah, United States

Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was established in 1890 and is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-16 iHeartMedia

San Antonio, Texas, United States

iHeartMedia is a diversified media and entertainment company with three reportable business segments, iHeartMedia, Americas outdoor advertising, and International outdoor advertising. iHeartMedia is based in San Antonio, Texas.

Buy $26.7B
Buyer

Quilvest Capital Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.


DEAL STATS #
Overall 38 of 98
Sector (Restaurants) 3 of 8
Type (Going Private) 1 of 6
State (Florida) 2 of 6
Country (United States) 13 of 43
Year (2006) 6 of 7
Size (of disclosed) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-26 Tzero Technologies

Santa Clara, California, United States

TZero Technologies, Inc. develops and markets wireless networking semiconductor products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-27 Innate Pharma

Marseille, France

Innate Pharma is a biopharmaceutical company developing first-in-class immunotherapy drugs for cancer and inflammatory diseases. These novel drugs consist of monoclonal antibodies that can activate the innate immune system. Innate Pharma was founded in 1999 and is based in Marseille, France.

Sell -