M&A Deal Summary

Argonne Capital Group Acquires IHOP Franchisee

On August 2, 2004, private equity firm Argonne Capital Group acquired restaurant IHOP Franchisee

Acquisition Highlights
  • This is Argonne Capital Group’s 1st transaction in the Restaurants sector.
  • This is Argonne Capital Group’s 1st transaction in the United States.
  • This is Argonne Capital Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2004-08-02
Target IHOP Franchisee
Sector Restaurants
Buyer(s) Argonne Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

IHOP Franchisee

Sunrise, Florida, United States
The IHOP family restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for more than 45 years. Offering more than 16 types of pancakes, as well as omelets, breakfast specialties, burgers, sandwiches, chicken and steaks, IHOP's diverse menu appeals to people of all ages. IHOP restaurants are operated and franchised by Glendale, California based IHOP Corp. IHOP Franchisee was founded in 1958 and is based in Sunrise, Florida.

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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 $75 million. Argonne Capital Group was established in 2003 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 1 of 9
Sector (Restaurants) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Florida) 1 of 1
Country (United States) 1 of 9
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-07 Stevi B’s Pizza Buffet

Woodstock, Georgia, United States

Stevi B’s Pizza Buffet is a provider of premium pizza buffet chain. Stevi B’s Pizza Buffet was founded in 1996 and is based in Atlanta, Georgia.

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