M&A Deal Summary

Argonne Capital Group Acquires Applebee’s International

On May 30, 2012, private equity firm Argonne Capital Group acquired restaurant Applebee’s International from Dine Brands

Acquisition Highlights
  • This is Argonne Capital Group’s 3rd transaction in the Restaurants sector.
  • This is Argonne Capital Group’s 4th transaction in the United States.
  • This is Argonne Capital Group’s 1st transaction in California.

M&A Deal Summary

Date 2012-05-30
Target Applebee’s International
Sector Restaurants
Buyer(s) Argonne Capital Group
Sellers(s) Dine Brands
Deal Type Divestiture

Target

Applebee’s International

Glendale, California, United States
Applebee’s International operates food restaurant chains in US. Applebee’s International was founded in 1980 and is based in Glendale, California.

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Buyer(S) 1

Buyer

Argonne Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Argonne Capital Group is a private investment firm that looks to acquire majority interests in cash flow positive companies. Argonne seeks businesses that can benefit from the firm's real estate and financing experience in terms of growth through new unit development. Sectors of interest include restaurants, retail, manufacturing, distribution, fitness, consumer services, dealerships, and light industrial. The Firm can commit up to $100 million per transaction and general targets companies with cash-flow of $5 to $150 million. Argonne Capital Group was established in 2003 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 4 of 11
Sector: Restaurants M&A 3 of 4
Type: Divestiture M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 4 of 11
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-21 Krystal

Dunwoody, Georgia, United States

Krystal is an operator of a chain of restaurants well known for its signature menu item, the famous Krystal Burger, with its steamed-in onion flavor. Krystal hamburgers are still served fresh and hot off the grill on the iconic square bun at 300 restaurants in 10 states. Krystal was founded in 1932 and is based in Dunwoody, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-24 On The Border Mexican Grill & Cantina

Irving, Texas, United States

On The Border is a full-service Mexican restaurant brand, offering a wide variety of Mexican favorites, with a focus on fresh, signature and value-oriented dishes, complemented by a full offering of alcoholic and non-alcoholic beverages. On The Border Mexican Grill & Cantina was founded in 1982 and is based in Irving, Texas.

Buy -

Seller(S) 1

SELLER

Dine Brands

Pasadena, California, United States

Category Company
Founded 1958
Sector Restaurants
Employees992
Revenue 812M USD (2024)
DESCRIPTION

Dine Brands owns and operates restaurants under the Applebee’s Neighborhood Grill & Bar and IHOP brands. With more than 3,600 restaurants combined in 19 countries, over 400 franchisees. Dine Brands Global is one of the full-service restaurant companies in the world. Dine Brands was founded in 1958 and is based in Pasadena, California.


DEAL STATS #
Overall 2 of 2
Sector: Restaurants M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-29 Applebee’s International

Glendale, California, United States

Applebee’s International operates food restaurant chains in US. Applebee’s International was founded in 1980 and is based in Glendale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 Fuzzy’s Taco Shop

Irving, Texas, United States

Fuzzy’s Taco Shop is an operator of a fast-casual Baja-style Mexican food concept that has built its reputation on an unwavering promise to promptly and efficiently provide guests with generous helpings of uniquely flavorful foods at a fair price in a fun atmosphere. Fuzzy’s Taco Shop was founded in 2003 and is based in Irving, Texas.

Buy $80M