M&A Deal Summary

NRD Capital Acquires Ruby Tuesday

On October 16, 2017, private equity firm NRD Capital acquired restaurant Ruby Tuesday for 335M USD

Acquisition Highlights
  • This is NRD Capital’s 3rd transaction in the Restaurants sector.
  • This is NRD Capital’s largest (disclosed) transaction.
  • This is NRD Capital’s 3rd transaction in the United States.
  • This is NRD Capital’s 1st transaction in Tennessee.
Investment Fate
  • Ruby Tuesday went bankrupt in 2020.

M&A Deal Summary
Date 2017-10-16
Target Ruby Tuesday
Sector Restaurants
Buyer(s) NRD Capital
Deal Type Going Private
Deal Value 335M USD
Advisor(s) Davis Polk & Wardwell (Legal)

Target

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.

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Buyer(S) 1

Buyer

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 3 of 4
Sector (Restaurants) 3 of 3
Type (Going Private) 2 of 2
State (Tennessee) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Altitude Trampoline Park

Tampa, Florida, United States

Altitude Trampoline Park is an operator of an indoor adventure park with locations around the world. The nearly 70-unit family entertainment brand was founded in 2012 and has parks open on three continents. Altitude Trampoline Park was founded in 2012 and is based in Tampa, Florida.

Buy -
Mergr

Product

Company

Legal