Mergers & TribulationsTransaction Database
ContactSubscribe
Back to database

Deal Detail

Burger King Korea to Affinity PE

RestaurantsLimited-Service/Feb 2016
EV / LTM EBITDA
11.4x
EV / LTM Sales
-
Enterprise Value
$171M
Primary Source
RBI NZ Offer

Comparable Transactions

Restaurants transactions announced in the five years to February 2016. 26 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Jul 201531.7% of AmRest HoldingsFinaccess$993M-11.5xStrategic
May 2015Frisch’s Restaurants, Inc.NRD Partners I, L.P.--6.3xFinancial
Mar 2015Del Taco RestaurantsLevy Acquisition Corp.$500M-8.2xStrategic
Sep 2014Einstein Noah Restaurant GroupJAB Holding Company$471M-10.1xStrategic
Aug 2014Portillo's Restaurant Group, Inc.Berkshire Partners$875M-13.3xFinancial
Aug 2014Tim HortonsBurger King Worldwide--14.8xStrategic
May 2014TGI Friday’sSentinel Capital Partners, Tri-Artisan Capital Partners$800M-7.3xFinancial
May 2014Red Lobster Seafood Co.Golden Gate Capital--5.6xFinancial
Jan 2014CEC Entertainment, Inc.Apollo Global Management--7.8xFinancial
Aug 2013KFC IndonesiaDyviacom$492M-14.2xStrategic
Dec 2012Caribou Coffee CompanyBDT Capital, JAB Beech, JAB Holding Company$307M-11.4xFinancial
Nov 2012Pizza Hut MalaysiaCVC Capital$956M-7.0xFinancial
Nov 2012TeavanaStarbucks--17.9xStrategic
Sep 2012J. Alexander’s Corp.American Blue Ribbon Holdings$100M-8.5xStrategic
Jul 2012Peet’s Coffee & TeaJAB Holding--22.1xStrategic
Jul 2012Yard House USA, Inc.Darden Restaurants--13.3xStrategic
May 2012Fogo de Chao, Inc.Thomas H. Lee Partners, L.P.--8.7xFinancial
May 2012BenihanaAngelo, Gordon & Co.--9.1xFinancial
May 2012P.F. Chang’s China BistroCenterbridge Partners--8.3xFinancial
Mar 2012The Krystal CompanyArgonne Capital Group$120M-5.7xStrategic
Feb 2012O’Charley’sFidelity National Financial--6.5xStrategic
Jan 2012KFC MalaysiaCVC Capital$1.0B-9.6xFinancial
Dec 2011Morton’s Restaurant GroupLandry’s$182M-6.7xStrategic
Nov 2011McCormick & Schmick’s Seafood RestaurantsLandry’s$133M-6.8xStrategic
Jun 2011Arby’s Restaurant GroupRoark Capital Group$339M-6.4xFinancial
May 2011California Pizza KitchenGolden Gate Capital$455M-6.9xFinancial
Mean-9.8x
Median-8.4x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
PrimarymanualRBI NZ OfferGrant Samuel2018$171M-11.4x-75% tender offer (NZ$9.45)Open