M&A Deal Summary

Dine Brands Acquires Fuzzy’s Taco Shop

On December 5, 2022, Dine Brands acquired restaurant Fuzzy’s Taco Shop from NRD Capital for 80M USD

Acquisition Highlights
  • This is Dine Brands’ 2nd transaction in the Restaurants sector.
  • This is Dine Brands’ largest (disclosed) transaction.
  • This is Dine Brands’ 2nd transaction in the United States.
  • This is Dine Brands’ 1st transaction in Texas.

M&A Deal Summary
Date 2022-12-05
Target Fuzzy’s Taco Shop
Sector Restaurants
Buyer(s) Dine Brands
Sellers(s) NRD Capital
Deal Type Add-on Acquisition
Deal Value 80M USD
Advisor(s) Arlington Capital Advisors LLC (Financial)
Cheng Cohen (Legal)

Target

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.

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Buyer(S) 1

Buyer

Dine Brands

Pasadena, California, United States
Category Company
Founded 1958
Sector Restaurants
Employees596
Revenue 831M USD (2023)
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) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-30 Applebee’s International

Glendale, California, United States

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

Sell -

Seller(S) 1

SELLER

NRD Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

NRD Capital is a private equity firm that looks to acquire and invest in companies where the Firm can improve upon the target business' unit economics. The Firm looks to invest in small to mid-sized brands with a focus on restaurant, technology, retail, and services companies. NRD Capital was established in 2014 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Ruby Tuesday

Maryville, Tennessee, United States

Ruby Tuesday owns and operates brand restaurants in 45 states. Ruby provides casual dining restaurants that offers seafoods, salads, sandwiches and desserts. Ruby Tuesday was founded in 1920 and is based in Maryville, Tennessee.

Sell -
Mergr

Product

Company

Legal