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Sector Index

Restaurants

98 transactions classified under this sector through subject-deal or precedent-transaction data.

Transactions

98 included of 98
Analysis
Jan 2026Five Guys (KSA Franchise)Alamar Foods$23M1.0x9.0xCompany Release
Nov 2025Denny'sTri Artisan Capital$620M1.4x8.0xMoelis
Oct 2025Del TacoYadav Enterprises$115M-5.9xMoelis
Sep 2025Freddy'sRhone$700M-12.7xMoelis
Sep 2025Potbelly CorpRace Trac$594M1.3x21.5xPiper Sandler
Aug 2025Philz CoffeeFreeman Spogli & Co.---PBPB FO
Mar 2025Dave's Hot ChickenRoark Capital$1.0B1.6x-Moelis
Jan 2025Jersey Mike's Subs Inc.Blackstone$6.3B9.6x24.0xS-1
Jul 2024Chuy'sDarden Restaurants, Inc.$605M1.3x10.8xPiper Sandler
Apr 2024TGI FridaysHostmore--5.4xPiper Sandler
Mar 2024Safflower HoldingsThe ONE Hospitality Group--5.8xPiper Sandler
Jan 2024Carrols Restaurant GroupRestaurant Brands International$1.0B-7.1xJefferies
Aug 2023Fiesta Restaurant GroupAuthentic Restaurant Brands$193M-8.3xPiper Sandler
May 2023Ruth’s Hospitality Group, Inc.Darden Restaurants, Inc.--9.4xPiper Sandler
Mar 2023Firebirds Wood Fired GrillGarnett Station Partners, LLC---Jefferies
Aug 2022BBQ Holdings (Famous Dave's)MTY Food Group Inc., MTY Franchising USA, Inc.$205M0.8x10.1xMoelis
May 2022Keke’s Breakfast CaféDenny’s Corporation--12.0xJefferies
Apr 2022Main EventDave & Buster’s Entertainment, Inc.--9.3xPiper Sandler
Dec 2021Del Taco Restaurants, Inc.Jack in the Box Inc.$573M1.1x11.0xPiper Sandler
Nov 2021Firehouse Restaurant GroupRestaurant Brands International$1.0B-20.0xMoelis
Sep 2021Twin PeaksFAT Brands--10.0xPiper Sandler
Jul 2021J. Alexander’s Holdings, Inc.SPB Hospitality LLC--8.7xPiper Sandler
Jul 2021Taco Cabana, Inc.Yadav Enterprises, Inc.--10.0xHoulihan
Jun 2021New York PizzaOrkla ASA$173M2.7x11.4xCompany Release
Oct 2020Dunkin' Brands Group, Inc.Inspire Brands (Roark Capital)$11.6B-25.3xBofA
Jan 2020The Habit Restaurants, Inc.Yum! Brands, Inc.$385M-11.8xPiper Sandler
Nov 2019Patton Wings, Inc.ICV Partners, LLC-1.1x10.3xKroll
Nov 2019Diversified Restaurant Holdings, Inc.ICV Partners IV, L.P.; ICV Partners, LLC--9.5xHoulihan
Sep 2019Del Frisco's Double Eagle & Del Frisco's GrilleLandry's---CHUY FO
Jun 2019Del Frisco’s Restaurant Group, Inc.L Catterton--12.0xJefferies
Apr 2019Papa Murphy's Holdings, Inc.MTY Food Group$190M1.5x8.5xMoelis
Dec 2018Restaurant Brands New Zealand LimitedFinaccess Capital$918M-14.1xRBI NZ Offer
Nov 2018Global Franchise GroupLion Capital, Serruya Private Equity$400M-8.6xPiper Sandler
Nov 2018Diversified Restaurant Holdings (Buffalio Wildwings Franchisee)ICV Partners, LLC--7.3xJefferies
Nov 2018Bojangles’, Inc.Durational Capital, The Jordan Company, The Jordan Company, The Jordan Company, L.P.; Durational Capital Management LP$754M1.4x11.1xPiper Sandler
Sep 2018Sonic Corp.Inspire Brands$2.3B-16.1xPiper Sandler
Aug 2018Costa LimitedThe Coca Cola Company--16.4xNorth Point
Aug 2018Zoe’s Kitchen, Inc.Cava Group, Inc.$298M-16.3xPiper Sandler
Aug 2018JambaFOCUS Brands$198M2.5x13.5xMoelis
May 2018Pret A Manger LtdJAB Holdings--15.0xBofA
May 2018Barteca Restaurant Group, LLCDel Frisco’s Restaurant Group, Inc.--18.0xPiper Sandler
Mar 2018Bravo Brio Restaurant Group, Inc. (nka: FoodFirst Global Restaurants, Inc.)Spice Private Equity$101M-6.1xPiper Sandler
Feb 2018Fogo de Chão, Inc.Rhone Capital, L.L.C.--10.2xPiper Sandler
Jan 2018Keg Restaurants Ltd.Cara Operations Limited-0.9x17.2xKroll
Dec 2017Qdoba Restaurant CorporationApollo Global Management$305M-5.3xPiper Sandler
Nov 2017Bento Inc.YO! Sushi Group Ltd.--9.9xHoulihan
Nov 2017Buffalo Wild Wings, Inc.Arby’s Restaurant Group, Inspire Brands (Arby’s Restaurant Group)--10.8xPiper Sandler
Oct 2017Ruby Tuesday, Inc.NRD Capital, NRD Capital Management--5.0xPiper Sandler
Sep 2017Cafe Rio Mexican GrillFreeman Spogli & Co.$280M-13.2xPiper Sandler
Apr 2017Panera Bread CompanyJAB Holdings Company--17.8xBofA
Mar 2017Checkers Drive-In Restaurants, Inc.Oak Hill Capital Management, LLC, Oak Hill Capital Partners$525M-11.0xMoelis
Mar 2017Cheddar's Scratch KitchenDarden Restaurants, Darden Restaurants, Inc.--10.4xHoulihan
Feb 2017Popeye’s Louisiana KitchenRestaurant Brands International$1.8B-20.9xPiper Sandler
Jan 2017Bob Evans RestaurantsGolden Gate Capital--6.5xPiper Sandler
Oct 2016Pacific Island RestaurantsRestaurant Brands New Zealand$105M-7.6xRBI NZ Offer
Aug 201675% of Domino's Pizza JapanDomino's Pizza Enterprises Ltd.$273M-10.4xRBI NZ Offer
Jul 201634.3% of AmRest HoldingsFinaccess$1.7B-13.5xRBI NZ Offer
May 2016Kahala BrandsMTY Food Group$300M-10.1xMoelis
May 2016Krispy Kreme DoughnutsJAB Holding Company$1.4B2.6x18.3xMoelis
Feb 2016Burger King KoreaAffinity PE$171M-11.4xRBI NZ Offer
Jul 201531.7% of AmRest HoldingsFinaccess$993M-11.5xRBI NZ Offer
May 2015Frisch’s Restaurants, Inc.NRD Partners I, L.P.--6.3xPiper Sandler
Mar 2015Del Taco RestaurantsLevy Acquisition Corp.$500M-8.2xPiper Sandler
Sep 2014Einstein Noah Restaurant GroupJAB Holding Company$471M-10.1xPiper Sandler
Aug 2014Tim HortonsBurger King Worldwide--14.8xMorgan Stanley
Aug 2014Portillo's Restaurant Group, Inc.Berkshire Partners$875M-13.3xPiper Sandler
May 2014Red Lobster Seafood Co.Golden Gate Capital--5.6xPiper Sandler
May 2014TGI Friday’sSentinel Capital Partners, Tri-Artisan Capital Partners$800M-7.3xPiper Sandler
Jan 2014CEC Entertainment, Inc.Apollo Global Management--7.8xPiper Sandler
Aug 2013KFC IndonesiaDyviacom$492M-14.2xRBI NZ Offer
Dec 2012Caribou Coffee CompanyBDT Capital, JAB Beech, JAB Holding Company$307M-11.4xPiper Sandler
Nov 2012Pizza Hut MalaysiaCVC Capital$956M-7.0xRBI NZ Offer
Nov 2012TeavanaStarbucks--17.9xNorth Point
Sep 2012J. Alexander’s Corp.American Blue Ribbon Holdings$100M-8.5xPiper Sandler
Jul 2012Peet’s Coffee & TeaJAB Holding--22.1xNorth Point
Jul 2012Yard House USA, Inc.Darden Restaurants--13.3xJefferies
May 2012P.F. Chang’s China BistroCenterbridge Partners--8.3xMorgan Stanley
May 2012Fogo de Chao, Inc.Thomas H. Lee Partners, L.P.--8.7xJefferies
May 2012BenihanaAngelo, Gordon & Co.--9.1xMorgan Stanley
Mar 2012The Krystal CompanyArgonne Capital Group$120M-5.7xPiper Sandler
Feb 2012O’Charley’sFidelity National Financial--6.5xMorgan Stanley
Jan 2012KFC MalaysiaCVC Capital$1.0B-9.6xRBI NZ Offer
Dec 2011Morton’s Restaurant GroupLandry’s$182M-6.7xPiper Sandler
Nov 2011McCormick & Schmick’s Seafood RestaurantsLandry’s$133M-6.8xPiper Sandler
Jun 2011Arby’s Restaurant GroupRoark Capital Group$339M-6.4xPiper Sandler
May 2011California Pizza KitchenGolden Gate Capital$455M-6.9xPiper Sandler
Dec 2010Noodles & CompanyCatterton Partners$265M-10.4xPiper Sandler
Nov 2010Bubba Gump Shrimp Co.Landry’s$113M-6.5xPiper Sandler
Aug 2010Logan’s RoadhouseKelso & Company$577M-7.7xPiper Sandler
Jun 2010Landry’s RestaurantsTilman J. Fertitta$1.3B-7.5xPiper Sandler
May 2010Dave & Buster’s HoldingsOak Hill Capital Partners$570M-6.9xPiper Sandler
Apr 2010CKE RestaurantsApollo Global Management$1.0B-6.5xPiper Sandler
Jan 2010Burger King NZBlackstone$123M-8.2xRBI NZ Offer
Aug 2007RARE Hospitality InternationalDarden Restaurants$1.4B-9.1xPiper Sandler
Aug 2007Yard House USATSG Consumer Partners$161M-11.8xPiper Sandler
Jul 2007Applebee’s InternationalIHOP Corp.$2.1B-9.0xPiper Sandler
May 2007OSI Restaurant PartnersBain Capital Partners, Catterton Management$3.5B-8.1xPiper Sandler
May 2007Smith & Wollensky Restaurant GroupPatina Restaurant Group$103M-12.1xPiper Sandler
Mean$920M2.1x10.8x
Median$492M1.4x10.0x