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Deal Detail

Morton’s Restaurant Group to Landry’s

RestaurantsFull-Service/Dec 2011
EV / LTM EBITDA
6.7x
EV / LTM Sales
-
Enterprise Value
$182M
Primary Source
Piper Sandler

Comparable Transactions

Restaurants transactions announced in the five years to December 2011. 15 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
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
Dec 2010Noodles & CompanyCatterton Partners$265M-10.4xFinancial
Nov 2010Bubba Gump Shrimp Co.Landry’s$113M-6.5xStrategic
Aug 2010Logan’s RoadhouseKelso & Company$577M-7.7xFinancial
Jun 2010Landry’s RestaurantsTilman J. Fertitta$1.3B-7.5xFinancial
May 2010Dave & Buster’s HoldingsOak Hill Capital Partners$570M-6.9xFinancial
Apr 2010CKE RestaurantsApollo Global Management$1.0B-6.5xFinancial
Jan 2010Burger King NZBlackstone$123M-8.2xFinancial
Aug 2007RARE Hospitality InternationalDarden Restaurants$1.4B-9.1xStrategic
Aug 2007Yard House USATSG Consumer Partners$161M-11.8xFinancial
Jul 2007Applebee’s InternationalIHOP Corp.$2.1B-9.0xStrategic
May 2007Smith & Wollensky Restaurant GroupPatina Restaurant Group$103M-12.1xStrategic
May 2007OSI Restaurant PartnersBain Capital Partners, Catterton Management$3.5B-8.1xFinancial
Mean-8.3x
Median-7.7x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
Primaryfairness opinionDFRG FOPiper Sandler2019$182M-6.7x-before preop & SBCOpen