Add-on Acquisition • Restaurants

Darden Acquires Eddie V s Restaurants

On October 12, 2011, Darden acquired restaurant Eddie V s Restaurants for 59M USD

Acquisition Context
  • This is Darden’s 1st transaction in the Restaurants sector.
  • This is Darden’s 5th largest (disclosed) transaction.
  • This is Darden’s 1st transaction in the United States.
  • This is Darden’s 1st transaction in Florida.

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M&A Deal Summary

Date October 12, 2011
Target Eddie V s Restaurants
Sector Restaurants
Buyer(s) Darden
Deal Type Add-on Acquisition
Deal Value 59M USD

Target Company

Eddie V s Restaurants

Orlando, Florida, United States
Eddie V's Restaurants consists of Eddie V's Prime Seafood and Wildfish Seafood Grille, upscale dining options with several locations across the US. Eddie V's was formed in 2000 an is headquartered in Orlando, Florida.
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Buyer Overview 1

Buyer

Darden

Orlando, Florida, United States

Category Company
Founded 1968
Sector Restaurants
Employees191,105
Revenue 11.4B USD (2024)
DESCRIPTION
Entrance to Darden's corporate headquarters in Orlando, Florida.
Entrance to Darden's corporate headquarters in Orlando, Florida.

Darden is a large full-service restaurant company that owns and operates more than 2,100 restaurants. Darden is recognized for a culture that rewards caring for and responding to people. Darden's restaurants includes Olive Garden, LongHorn Steakhouse, Bahama Breeze, Seasons 52, The Capital Grille, Eddie V's and Yard House. Darden was formed in 1968 and is based in Orlando, Florida.


Deal Context for Buyer #
Overall 1 of 5
Sector: Restaurants 1 of 5
Type: Add-on Acquisition 1 of 5
State: Florida 1 of 2
Country: United States 1 of 5
Year: 2011 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Smokey Bones Barbeque & Grill

Greenwood, Indiana, United States

Smokey Bones Barbeque & Grill offers genuine barbeque flavors in a fun, energetic atmosphere known for friendly, attentive service in 68 locations across the Eastern and Midwestern United States. Smokey Bones' menu features a broad range of American favorites including baby-back and St. Louis-style ribs and hand-pulled pork which are slow-smoked daily over hickory in each restaurant for up to 11 hours for fall-off-the-bone tenderness and smokey flavor. Other favorites include flame-grilled sandwiches and steaks, half-pound Angus and Buffalo burgers, as well as a selection of great salads, fish and chicken entrees. Smokey Bones Barbeque & Grill is based in Greenwood, Indiana.

Sell $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-29 Yard House USA

Irvine, California, United States

Yard House USA, Inc. is a full service restaurant company. Yard House offers contemporary American cuisine with chef-inspired recipes and ethnic flavors along with a wide range of draft beers and other beverages in a stylish and energetic setting.

Buy $585M