Buyout (LBO, MBO, MBI) • Restaurants

Allied Capital Acquires Huddle House

On December 21, 2006, Allied Capital acquired restaurant Huddle House for 124M USD

Acquisition Context
  • This is Allied Capital’s 1st transaction in the Restaurants sector.
  • This is Allied Capital’s largest (disclosed) transaction.
  • This is Allied Capital’s 2nd transaction in the United States.
  • This is Allied Capital’s 1st transaction in Georgia.
Investment Fate
  • Huddle House was sold to a consortium of financial buyers in 2012.

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M&A Deal Summary

Date December 21, 2006
Target Huddle House
Sector Restaurants
Buyer(s) Allied Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 124M USD

Target Company

Huddle House

Atlanta, Georgia, United States
Huddle House, Inc. is a full-service family restaurant chain, is well-known for serving “Any Meal. Huddle House restaurants feature moderately priced food and beverage items, served during all day parts with full table service.
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Buyer Overview 1

DESCRIPTION

Allied Capital Corp. was a publicly-traded business development company focused on providing debt and equity capital for leveraged buyouts, acquisitions and restructurings of established businesses. Allied Capital was established in 1958 and ceased investing in 2009 when it was acquired by Ares Capital.


Deal Context for Buyer #
Overall 2 of 2
Sector: Restaurants 1 of 1
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: Georgia 1 of 1
Country: United States 2 of 2
Year: 2006 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-08 Hot Stuff Foods

Sioux Falls, South Dakota, United States

Hot Stuff Foods, L.L.C. (“Hot Stuff”) is a provider of branded foodservice products to convenience stores and other foodservice outlets. The Company designed and installed in-store kitchens and service points for its customers at individual retail locations and distributed a broad line of food products for on-site preparation under long-term supply agreements.

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