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Deal Detail

Smokey Bones Barbeque and Grill (Darden) to Sun Capital Partners (Barbeque Integrated, Inc.)

RestaurantsFull-Service/Dec 2007
EV / LTM EBITDA
4.3x
EV / LTM Sales
-
Enterprise Value
-
Primary Source
Fairness Opinion

Comparable Transactions

Restaurants transactions announced in the five years to December 2007. 14 with a disclosed multiple.

DateTargetAcquirorEnterprise ValueEV/SalesEV/EBITDAType
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
Dec 2006Caffe Nero Group PLCRome Bidco (Paladin Partners and Saratoga)--15.1xFinancial
Oct 2006Logan’s RoadhouseBlack Canyon and BRS--6.8xFinancial
Oct 2006Quick Restaurant NVCDC Capital Investissement--10.0xFinancial
Jul 2006Ryan’s Restaurant Group, Inc.Buffets, Inc.--10.9xStrategic
Mar 2006NPC International, Inc.Merrill Lynch Global Private Equity, Inc.$615M-6.7xFinancial
Feb 2006Tele Pizza SAFoodco Pastries--15.4xFinancial
Dec 2005Dunkin Brands Inc.Carlyle Group, Bain Capital, THL Partners--12.9xFinancial
Sep 2005El Pollo Loco, Inc.Trimaran Capital Partners, Inc.--12.5xFinancial
May 2003PizzaExpress PLCInvestor Group--6.2xFinancial
Mean-10.5x
Median-10.4x

All Observations

Source-specific multiples and notes for this transaction.

CompPrimary?Source TypeSourceSource AdvisorSource YearEV (USD)EV/SalesEV/EBITDAEV/Fwd EBITDANoteCitation
PrimaryFairness OpinionBKC FOMorgan Stanley2010--4.3x--Open