M&A Deal Summary |
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Date | 2014-05-16 |
Target | Red Lobster |
Sector | Restaurants |
Buyer(s) | Golden Gate Capital |
Sellers(s) | Darden |
Deal Type | Divestiture |
Deal Value | 2.1B USD |
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Category | Private Equity Firm |
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Founded | 2000 |
PE ASSETS | 19.0B USD |
Size | Mega |
Type | Sector Agnostic |
Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.
DEAL STATS | # |
---|---|
Overall | 74 of 112 |
Sector (Restaurants) | 4 of 5 |
Type (Divestiture) | 12 of 15 |
State (Florida) | 3 of 5 |
Country (United States) | 66 of 100 |
Year (2014) | 3 of 6 |
Size (of disclosed) | 4 of 23 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-05-07 |
Phillips-Medisize
Hudson, Wisconsin, United States Phillips-Medisize Corp. is a designer and manufacturer of highly engineered finished devices, sub-assemblies, and components that are primarily developed and manufactured for medical end market applications. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-05-20 |
Aeroflex Holding
Plainview, New York, United States Aeroflex Holding Corp. designs, engineers, and manufactures microelectronic products, and test and measurement equipment in the United States, Europe, the Middle East, and Asia. |
Sell | $1.5B |
Category | Company |
---|---|
Founded | 1968 |
Sector | Restaurants |
Employees | 177,895 |
Revenue | 10.5B USD (2023) |
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 STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Restaurants) | 2 of 2 |
Type (Divestiture) | 2 of 2 |
State (Florida) | 1 of 1 |
Country (United States) | 2 of 2 |
Year (2014) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
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 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2017-03-27 |
Cheddar’s Casual Cafe
Irving, Texas, United States Cheddar’s Casual Cafe, Inc. is a multi-concept casual dining restaurant company offers appetizers, salads, soups, burgers, sides, sandwiches, steaks, ribs, desserts, and entrees; and beverages, such as sweet tea vodkas, amaretto, lemonades, landslide martinis, spicy mango mojitos, margaritas, and fruit infused teas. |
Buy | $780M |