M&A Deal Summary

Del Frisco s Restaurant Group Acquires Barteca Restaurant Group

On May 7, 2018, Del Frisco s Restaurant Group acquired restaurant Barteca Restaurant Group from General Atlantic and Rosser Capital Partners for 325M USD

Acquisition Highlights
  • This is Del Frisco s Restaurant Group’s 1st transaction in the Restaurants sector.
  • This is Del Frisco s Restaurant Group’s largest (disclosed) transaction.
  • This is Del Frisco s Restaurant Group’s 1st transaction in the United States.
  • This is Del Frisco s Restaurant Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2018-05-07
Target Barteca Restaurant Group
Sector Restaurants
Buyer(s) Del Frisco s Restaurant Group
Sellers(s) General Atlantic
Rosser Capital Partners
Deal Type Add-on Acquisition
Deal Value 325M USD
Advisor(s) Kirkland & Ellis (Legal)

Target

Barteca Restaurant Group

Norwalk, Connecticut, United States
Barteca Restaurant Group is a restaurant group in the U.S. with 15 locations, serves tapas both simple and elegant, using the best seasonal picks from local markets and unusual specialties from Spain and the Mediterranean. Barcelona also offers an extensive selection of wines from Spain and South America featuring over 40 wines by the glass. Barteca Restaurant Group was founded in 1995 and is based in Norwalk, Connecticut.

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Buyer(S) 1

Buyer

Del Frisco s Restaurant Group

Irving, Texas, United States
Category Company
Founded 1981
Sector Restaurants
Employees4,890
Revenue 378M USD (2018)
DESCRIPTION

Del Frisco's Restaurant Group is a collection of 78 restaurants across 17 states and Washington, D.C., including Del Frisco's Double Eagle Steakhouse, Del Frisco's Grille, and Sullivan's Steakhouse. Del Frisco's Double Eagle Steakhouse serves up flawless cuisine that's bold and delicious, an extensive award-winning wine list and a level of service that reminds guests that they're the boss. Del Frisco's Restaurant Group was founded in 1981 and is based in Irving, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-25 Double Eagle Steak House

Dunwoody, Georgia, United States

Double Eagle Steak House is one of the best restaurants in Atlanta. At the forefront of the new Park Center development at the intersection of Hammond Drive and Perimeter Center Parkway, Double Eagle Steak House restaurant is located near Atlanta’s Perimeter Mall. With sleek architecture, modern design, a floating wine cellar, and spacious private rooms, you’ll enjoy a traditional steakhouse dining experience in an elevated atmosphere.

Sell -

Seller(S) 2

SELLER

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 91 of 146
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 36 of 44
State (Connecticut) 3 of 4
Country (United States) 49 of 75
Year (2018) 1 of 7
Size (of disclosed) 25 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-06 Sezane

Paris, France

Sezane offers high-end ready-to-wear items and accessories for sale on its website , on its IOS mobile application and in its physical outlets. Sezane was founded in 2013 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 OpenClassrooms

Paris, France

OpenClassrooms is an online higher education platform that teaches students sought-after skills in an increasingly digital economy. OpenClassrooms was founded in 2013 and is based in Paris, France.

Buy -
SELLER

Rosser Capital Partners

Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Rosser Capital Partners is a private equity group focused on making investments in the restaurant, consumer and retail sectors. The Firm will consider opportunities throughout the US and has experience with family-controlled and closely-held companies. Rosser Capital Partners was formed in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 PetPeople

Columbus, Ohio, United States

PetPeople is a retailer of natural and high-quality pet food and supplies, operating 42 stores throughout Ohio, Indiana, Michigan, Illinois and North Carolina. PetPeople stores carry the finest natural pet foods on the market and are committed to providing outstanding customer service and building long-term relationships with their customers. PetPeople associates are pet enthusiasts who engage and educate customers by sharing ideas and providing solutions. PetPeople was founded in 1997 and is based in Columbus, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 GreenDrop

Bensalem, Pennsylvania, United States

GreenDrop is a licensed charitable fundraiser which solicits and collects tax-deductible donations of clothing and household goods on behalf of select national charities. GreenDrop was founded in 2011 and is based in Bensalem, Pennsylvania.

Buy -
Mergr

Product

Company

Legal