M&A Deal Summary

Thai Union Group Acquires Red Lobster

On August 31, 2020, Thai Union Group acquired restaurant Red Lobster from Golden Gate Capital

Acquisition Highlights
  • This is Thai Union Group’s 1st transaction in the Restaurants sector.
  • This is Thai Union Group’s 2nd transaction in the United States.
  • This is Thai Union Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-08-31
Target Red Lobster
Sector Restaurants
Buyer(s) Thai Union Group
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition

Target

Red Lobster

Orlando, Florida, United States
Red Lobster is a seafood restaurant concept operating more than 700 restaurants across the U.S. and Canada and a growing international franchisee footprint. Red Lobster is focused on delivering freshly prepared, high-quality seafood dishes at reasonable prices including an extensive menu featuring fresh fish, shrimp, crab, lobster, scallops, and other seafood and non-seafood options. Headquartered in Orlando, Florida, the Red Lobster team comprises more than 58,000 associates.

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Buyer(S) 1

Buyer

Thai Union Group

Mueang Samut Sakhon, Thailand
Category Company
Founded 1977
Sector Food
Revenue 136.2B THB (2023)
DESCRIPTION

Thai Union Group is a producer of various seafood based food products.Thai Union Group was founded in 1977 and is based in Mueang Samut Sakhon, Thailand.

DEAL STATS #
Overall 4 of 4
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Bumble Bee Foods

San Diego, California, United States

Bumble Bee Foods is a producer and marketer of canned tuna and other seafood and the leader in the premium albacore tuna market. The company sells its broad range of products under the well-known brands Bumble Bee, Clover Leaf and Orleans. Bumble Bee Foods was founded in 1899 and is based in San Diego, California.

Sell $925M

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 69 of 84
Sector (Restaurants) 4 of 4
Type (Add-on Acquisition) 31 of 39
State (Florida) 3 of 4
Country (United States) 62 of 76
Year (2020) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 California Pizza Kitchen

Costa Mesa, California, United States

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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 Revolos

Atlanta, Georgia, United States

Revolos is a full service provider of extended warranties and service contracts for new and used motor vehicles. Revolos’ products include service contracts for cars, trucks, recreational vehicles, watercraft, motorcycles and power sport vehicles. Headquartered in Atlanta, Georgia, Revolos has provided innovative products coupled with superior levels of customer service for almost 30 years. Revolos designs, markets and administers its products in 48 states and has issued more than 1 million service contracts since its inception.

Sell -
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