M&A: Page 8
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Sun Capital Partners sells Boston Market
Engage Brands, one of Rohan Group of Companies, becomes the private owner of the long-troubled brand, which has grappled with store closures and stagnant sales for years.
By Julie Littman • April 29, 2020 -
Dine Brands investor wants to spin off IHOP
Dine Brands' board of directors says that forcing the company into creating a separately traded entity would not be in the best interests of its shareholders.
By Julie Littman • April 3, 2020 -
Trendline
Restaurant Financing
With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses.
By Restaurant Dive staff -
Yum acquires leadership development program
The parent company of Pizza Hut and Taco Bell plans to offer Heartstyles, which provides hands-on training, to 98% of its restaurants.
By Julie Littman • March 4, 2020 -
BBQ Holdings lands 1st acquisition with Granite City Food
This deal is unlikely to be the last for Famous Dave's parent company as it pushes to become a multi-branded concept, mirroring recent moves by Inspire Brands, FAT Brands and Cracker Barrel.
By Julie Littman • Feb. 14, 2020 -
Bloomin' Brands closer to divesting Outback Brazil
The company has selected three bidders for its Outback operation in Brazil.
By Alicia Kelso • Feb. 4, 2020 -
Uber Eats, DoorDash reportedly considered merger in 2019
The two largest delivery providers in the U.S. discussed combining operations around six months ago, following pressure from mutual investor SoftBank, but talks fell apart, according to the Financial Times.
By Julie Littman • Jan. 31, 2020 -
British regulators investigate Just Eat, Takeaway.com merger
The British Competition and Markets Authority is determining whether the $8 billion deal could stifle competition in the U.K. market.
By Lauren Manning • Jan. 27, 2020 -
Chopt buys Dos Toros, forms new holding company
The brands will operate independently under newly formed Founders Table Restaurant Group, and will launch a shared loyalty program.
By Emma Liem Beckett • Jan. 24, 2020 -
Uber sells India food delivery business to local competitor
The company sold Uber Eats India to Zomato as part of its strategy to leave regions where management doesn't think it can be a top player in the space.
By Julie Littman • Jan. 21, 2020 -
Macaroni Grill eyes 2nd acquisition
The once-struggling company hopes to close on another purchase in Q1, one that could bring it halfway to its goal of becoming a $1 billion business, said CEO Nishant Machado.
By Julie Littman • Jan. 15, 2020 -
FAT Brands CEO: Chain plans to close an acquisition in Q1, with more in the works
With new funding, the company is poised to buy larger brands as part of its two-pronged strategy to grow organically and through acquisitions, Andy Wiederhorn told Restaurant Dive at the ICR Conference.
By Julie Littman • Jan. 14, 2020 -
Grubhub says it's not for sale
Contradicting The Wall Street Journal's report, the company said,"there is unequivocally no process in place to sell the company," but that it's exploring acquisition opportunities.
By Emma Liem Beckett • Updated Jan. 10, 2020 -
Yum Brands acquires Habit Burger for $375M
The deal, which is expected to close by the end of Q2 2020, is Yum's first restaurant acquisition since it went public more than 20 years ago.
By Julie Littman • Jan. 6, 2020 -
10 of the most impactful restaurant acquisitions of 2019
Restaurants and private equity continued to be active buyers this year as restaurant leaders explored ways to grow amid labor and declining traffic pressures.
By Julie Littman • Dec. 20, 2019 -
Private equity firm acquires 117 Pizza Hut restaurants
Triton Pacific's purchase comes after the pizza chain made plans to restructure its business to address high debt levels and lack of access to capital.
By Alicia Kelso • Dec. 19, 2019 -
Coffee giants Jacobs Douwe Egberts, Peet's plan to merge and go public
As the coffee space grows at a rapid clip, the market has room for increased competition and JDE Peet's would be well positioned to take significant share.
By Alicia Kelso • Dec. 18, 2019 -
Delivery Hero to pay $4B for Korean food delivery provider
The acquisition will give Delivery Hero a stronghold in South Korea, where the service is competitive, but still has a lot of room for growth.
By Julie Littman • Dec. 13, 2019 -
WeWork shutters restaurant coworking startup Spacious
Spacious, which turns high-end restaurants into coworking spaces during off-peak times, will close at the end of the year, making it the latest casualty in WeWork’s failed IPO.
By Alicia Kelso • Dec. 13, 2019 -
Chicken Salad Chick bought by new private equity firm
The chain grew system sales seven-fold under previous majority owner Eagle Merchant Partners, and plans to roll out 250 new stores in the next five years.
By Lauren Manning • Dec. 9, 2019 -
Dive Awards
Deal of the Year: McDonald's acquires Dynamic Yield
The world's largest fast food chain's $300 million purchase of an artificial intelligence company signaled the start of a technology-first age for restaurants.
By Julie Littman • Dec. 9, 2019 -
Apollo considers selling Qdoba for $550M
The company's asking price is 80% higher than the $305 million it paid to buy the chain from Jack in the Box in 2018.
By Julie Littman • Nov. 19, 2019 -
Landry's makes $40M offer for bankrupt Houlihan's
Landry's made its third transaction within the last few months following its acquisition of two Del Frisco's concepts and its bid for Restaurants Unlimited.
By Julie Littman • Nov. 14, 2019 -
TGI Fridays will no longer go public in wake of coronavirus
The restaurant's planned $380 million sale to Allegro Merger Corp. was called off last week due to "extraordinary market conditions and the failure to meet necessary closing conditions," according to a regulatory filing.
By Emma Liem Beckett • Nov. 8, 2019 -
Bloomin' Brands explores sale, other strategic alternatives
Though it didn't provide a timeline for the review, CEO David Deno told investors that everything is on the table.
By Julie Littman • Nov. 6, 2019 -
Cracker Barrel buys Maple Street Biscuit Company for $36M
The casual dining chain will convert its fast casual Holler and Dash concept, which investors have called "an ill-conceived project destined to fail," to Maple Street concepts in the near future.
By Emma Liem Beckett • Oct. 11, 2019