M&A Deal Summary

Clover Investment Group Acquires Clover Restaurant

On December 22, 2010, Clover Investment Group acquired restaurant Clover Restaurant

Acquisition Highlights
  • This is Clover Investment Group’s 3rd transaction in the Restaurants sector.
  • This is Clover Investment Group’s 5th transaction in the United States.
  • This is Clover Investment Group’s 3rd transaction in District of Columbia.

M&A Deal Summary

Date 2010-12-22
Target Clover Restaurant
Sector Restaurants
Buyer(s) Clover Investment Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Clover Restaurant

Washington, District of Columbia, United States
Clover Restaurant offers Mexican cuisine, frozen margaritas by the pitcher, and friendly service, Tortilla Coast is a festive watering hole and exciting spot to watch Capitol Hill movers and shakers in action. Clover Restaurant was formed in 1988 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Clover Investment Group

Washington, District of Columbia, United States

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Clover Investment group is a family run private equity firm. Clover looks to make equity investments in a range of venture, buyout, and growth transactions. Sectors of interest include restaurants, lodging/hospitality, healthcare, energy services, and commercial real estate. The Firm looks for opportunities throughout North America and generally targets transactions valued from $10 to $100 million. Clover Investment Group was founded in 2007 and is based in Chevy Chase, Maryland.


DEAL STATS #
Overall 5 of 5
Sector: Restaurants M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: District of Columbia M&A 3 of 3
Country: United States M&A 5 of 5
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-22 Cafe Deluxe

Washington, District of Columbia, United States

Cafe Deluxe combines the charm of a neighborhood tavern with the energy of a bustling European bistro. With locations in Washington, DC, Bethesda, Maryland, and Tysons Corner, Virginia, Cafe Deluxe blends traditional fare with more innovative dishes in a warm and sophisticated atmosphere. A fourth location will open at the Rio Center in Gaithersburg, Maryland in late 2011.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Innovation Fuels

Albany, New York, United States

Innovation Fuels, Inc., Albany, NY, is a rapidly emerging renewable fuel company that manufactures, markets, and distributes biodiesel fuel to customers around the world. The company has a regional focus on the East coast market with a global reach and a mission to become a vertically integrated, dominant producer of renewable, environmentally-friendly fuels.

Sell -