| Date | Target |
Transaction Type Value: $mlns |
Acquirer | Seller | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-06-02 |
Dave's Hot Chicken
Restaurants Pasadena, California www.daveshotchicken.com Dave's Hot Chicken is a fast-casual restaurant chain specializing in Nashville-style hot chicken, known for its spicy tenders, sliders, and crinkle-cut fries. Dave's Hot Chicken was founded in 2017 and is headquartered in Pasadena, California. |
Buyout (LBO, MBO, MBI)
|
Roark Capital Group
|
- | ||||||
| 2025-11-03 |
Denny's
Restaurants Spartanburg, South Carolina www.dennys.com Denny’s operates a network of casual dining restaurants serving breakfast, lunch, and dinner items across the United States and internationally. Denny's menu includes traditional diner fare such as pancakes, burgers, sandwiches, and salads, with many locations open 24 hours a day. Denny’s was founded in 1953 and is headquartered in Spartanburg, South Carolina.
|
Going Private
|
TriArtisan Capital Advisors
Yadav Enterprises
|
- | ||||||
| Deal Article Deal Link | ||||||||||
| 2025-09-10 |
Potbelly
Restaurants Chicago, Illinois www.potbelly.com Potbelly owns and operates restaurants featuring hot sandwiches served in a fun, energetic, and inviting atmosphere. Potbelly is aggressively pursuing expansion into other major markets across the United States. Potbelly was founded in 1977 and is based in Chicago, Illinois.
|
Add-on Acquisition
|
RaceTrac
|
- | ||||||
| Deal Article Deal Link | ||||||||||
| 2025-08-01 |
Philz Coffee
Restaurants Oakland, California www.philzcoffee.com Philz Coffee operates coffee shops across the Bay Area, Southern California, and Washington, D.C. The company specializes in custom blends and handcrafted drip coffee. Philz Coffee was founded in 2003 and is based in Oakland, California. Advisor: Piper Sandler & Co. |
Secondary Buyout
|
Freeman Spogli
|
Summit Partners
TPG
|
||||||
| 2025-10-16 |
Del Taco
Restaurants Lake Forest, California www.deltaco.com Del Taco offers a unique variety of both Mexican and American favorites such as burritos and fries, prepared fresh in every restaurant's working kitchen with the value and convenience of a drive-thru. Del Taco's menu items taste better because they are made with quality ingredients like freshly grilled chicken and carne asada steak, fresh house-made guacamole, freshly grated cheddar cheese, slow-cooked beans made from scratch, and creamy Queso Blanco. It serves more than three million guests each week at its approximately 600 restaurants across 16 states. Del Taco’s commitment to providing guests with the best quality and value for their money originates from cooking, chopping, shredding, and grilling menu items from scratch. Del Taco was founded in 1964 and is based in Lake Forest, California. |
Divestiture
|
Yadav Enterprises
|
Jack
|
||||||
| Deal Article Deal Link | ||||||||||
| 2025-09-30 |
Cote Restaurants
Restaurants London, United Kingdom www.cote-restaurants.co.uk Cote Restaurants is a restaurant businesses, providing consistently high-quality, freshly-prepared food in a modern bistro inspired setting. The restaurants are committed to sourcing seasonal and high-quality ingredients, and to providing an exceptional dining experience for customers. Cote Restaurants was founded in 2007 and is based in London, England. |
Add-on Acquisition |
Karali Group
|
Partners Group
|
||||||
| 2025-01-06 |
Hickory Tavern
Restaurants Charlotte, North Carolina www.thehickorytavern.com Hickory Tavern is an operator of sports-themed, upscale casual dining restaurants. Hickory Tavern was formed in 1997 and is based in Charlotte, North Carolina. |
Add-on Acquisition |
Artistry Restaurants
|
Rosser Capital Partners
|
||||||
| 2025-01-20 |
Lunch Garden
Restaurants Zaventem, Belgium www.lunchgarden.be Lunch Garden is a restaurant brand that offers customers high quality, traditional Belgian cuisine, complemented by popular international dishes. Lunch Garden was founded in 1966 and is based in Zaventem, Belgium. |
Special Situations/Distressed |
CIM Capital
|
ICG
|
||||||
| Deal Article Deal Link | ||||||||||
| 2025-01-27 |
Java House
Restaurants Nairobi, Kenya www.javahouseafrica.com Java House owns and operates a chain of coffee houses. Java House operates commercial coffee roasteries, providing quality coffee and bean sales to its own stores and to supermarkets, hotels, restaurants and wholesale buyers. Java House was founded in 1999 and is based in Nairobi, Kenya. |
Secondary Buyout |
Phatisa Group
|
Actis Capital
|
||||||
| 2025-11-06 |
Spyce
Restaurants Somerville, Massachusetts www.spyce.com Spyce is a restaurant company that develops an automated robotic kitchen system designed to prepare made-to-order meals using programmable cooking and dispensing technology.. Spyce was founded in 2015 and is based in Somerville, Massachusetts. |
Divestiture |
Wonder
|
Sweetgreen
|
||||||
| Deal Article Deal Link | ||||||||||
| 2025-07-10 |
Smoothie King
Restaurants Dallas, Texas www.smoothieking.com Smoothie King operates a global network of smoothie-focused retail stores. Its offerings consist primarily of blended beverages categorized by attributes such as fitness support, weight management, or energy content. Smoothie King was founded in 1973 and is based in Dallas, Texas. Advisor: North Point Advisors |
Growth Capital |
Main Post Partners
|
- | ||||||
| Deal Article Deal Link | ||||||||||
| 2025-12-16 |
California Pizza Kitchen
Restaurants Costa Mesa, California www.cpk.com California Pizza Kitchen is a casual dining chain featuring an imaginative line of hearth-baked pizzas, including the original BBQ Chicken Pizza, and a broad selection of distinctive pasta, salads, appetizers, soups, sandwiches, and desserts. California Pizza Kitchen was founded in 1985 and is based in Costa Mesa, California. |
Special Situations/Distressed |
Consortium Brand Partners
Eldridge Industries LLC
|
- | ||||||
| Deal Article Deal Link | ||||||||||
| 2025-04-01 |
Big Mamma
Restaurants Paris, France www.bigmammagroup.com/fr Big Mamma is a restaurant group with 27 restaurants across 7 European countries, as well as a dark kitchen operation (Napoli Gang). Big Mamma was founded in 2015 and is based in Paris, France. |
Buyout (LBO, MBO, MBI) |
Cerea Partners
|
- | ||||||
| 2025-01-14 |
Roti
Restaurants Chicago, Illinois www.roti.com Roti is a modern Mediterranean restaurant showcasing delicious flavors, wholesome ingredients, and bright spices. Roti was founded in 2007 and is based in Chicago, Illinois. |
Special Situations/Distressed |
Edible Brands
|
- | ||||||
| Deal Article Deal Link | ||||||||||
| 2025-08-26 |
Red Robin Canada
Restaurants Surrey, British Columbia Red Robin Canada is the franchisee operating Red Robin restaurants in Canada. The chain offers family-friendly casual dining with gourmet burgers and bottomless fries. Red Robin Canada is based in Surrey, British Columbia. |
Buyout (LBO, MBO, MBI) |
Salt Creek Capital
|
- | ||||||
| Deal Article Deal Link | ||||||||||
| 2025-08-06 |
Mac & Bob’s
Restaurants Salem, Virginia www.macandbobs.com Mac & Bob’s operates a full‑service restaurant and bar. Mac & Bob’s menu includes calzones, American‑style entrées, sandwiches, salads, and seafood, along with a selection of craft beers on tap. Mac & Bob’s was founded in 1980 and is based in Salem, Virginia. Advisor: Generational Group |
Buyout (LBO, MBO, MBI) |
Larsen MacColl Partners
|
- | ||||||
| Deal Article Deal Link | ||||||||||
| Avg |
$489
15.8x EBITDA 1.3x REVENUE |
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