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M&A Deal Summary

Sun Capital Partners Acquires Restaurants Unlimited

On March 27, 2007, private equity firm Sun Capital Partners acquired restaurant Restaurants Unlimited

Acquisition Highlights
  • This is Sun Capital Partners’ 6th transaction in the Restaurants sector.
  • This is Sun Capital Partners’ 36th transaction in the United States.
  • This is Sun Capital Partners’ 3rd transaction in Washington.
Investment Fate
  • Restaurants Unlimited went bankrupt in 2019.
  • Restaurants Unlimited was sold to a strategic buyer in 2019 for 37M USD.

M&A Deal Summary
Date 2007-03-27
Target Restaurants Unlimited
Sector Restaurants
Buyer(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Restaurants Unlimited

Seattle, Washington, United States
Restaurants Unlimited operates 46 restaurants in twelve states including 15 Kincaid’s – an American Fish, Chop, and Steakhouse; 8 Newport’s – a Seafood Grill, 9 Palomino’s - an upbeat city restaurant and bar famous for its European-inspired American cuisine; 9 Stanford’s – an upscale casual restaurant featuring grilled steaks, chicken and seafood; 3 Pizzeria Fondi’s; and nine other specialty brands such as Portland City Grill, Henry’s Tavern, Palisade, Cutters Bayhouse, Scott’s, and Ryan’s Grill.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 44 of 171
Sector (Restaurants) 6 of 14
Type (Secondary Buyout) 4 of 44
State (Washington) 3 of 3
Country (United States) 36 of 118
Year (2007) 6 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-12 Vari-Form

Troy, Michigan, United States

Vari-Form, Inc. is a manufacturer of lightweight, hydroformed structural parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Sharps

Bilston, United Kingdom

Sharps is a supplier of fitted bedroom furniture specialist dedicated to turning customers’ dreams into reality with its stylish bedroom and home office ranges, whilst also maximizing every centimetre of storage space. The bespoke fitted furniture ranges can be fitted directly into the available space that is ideal for awkwardly-shaped rooms and period homes providing a streamlined and stylish interior. Sharps was founded in 1973 and is based in Bilston, United Kingdom.

Buy -
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