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Deal Detail

Cafe Rio Mexican Grill to Freeman Spogli & Co.

RestaurantsLimited-Service/Sep 2017
EV / LTM EBITDA
13.2x
EV / LTM Sales
-
Enterprise Value
$280M
Primary Source
Piper Sandler

Comparable Transactions

Restaurants transactions announced in the five years to September 2017. 24 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
Apr 2017Panera Bread CompanyJAB Holdings Company--17.8xStrategic
Mar 2017Cheddar's Scratch KitchenDarden Restaurants, Darden Restaurants, Inc.--10.4xStrategic
Mar 2017Checkers Drive-In Restaurants, Inc.Oak Hill Capital Management, LLC, Oak Hill Capital Partners$525M-11.0xFinancial
Feb 2017Popeye’s Louisiana KitchenRestaurant Brands International$1.8B-20.9xStrategic
Jan 2017Bob Evans RestaurantsGolden Gate Capital--6.5xFinancial
Oct 2016Pacific Island RestaurantsRestaurant Brands New Zealand$105M-7.6xStrategic
Aug 201675% of Domino's Pizza JapanDomino's Pizza Enterprises Ltd.$273M-10.4xStrategic
Jul 201634.3% of AmRest HoldingsFinaccess$1.7B-13.5xStrategic
May 2016Kahala BrandsMTY Food Group$300M-10.1xStrategic
May 2016Krispy Kreme DoughnutsJAB Holding Company$1.4B2.6x18.3xStrategic
Feb 2016Burger King KoreaAffinity PE$171M-11.4xFinancial
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
Mean-11.4x
Median-10.7x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionZOE FOPiper Sandler2018$280M-13.2x--Open