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acquisitions

Financing

Red Robin sells 9 stores for $29M in sale-leaseback deal

 By Joe Guszkowski on Jun. 05, 2023

The chain will use the proceeds to repay debt, fund capital projects and buy back stock. It hopes to do the same with other restaurants.

Financing

Papa Johns signals a shift in its U.K. strategy with 91-store acquisition

 By Jonathan Maze on Jun. 05, 2023

The pizza chain is acquiring restaurants from a franchisee, believing that operating its own locations in the market will improve sales over the long term.

Operations

Oak View Group acquires Rhubarb Hospitality Collection

By Lisa Jennings on Jun. 02, 2023

The Los Angeles-based Oak View Group is both a facility developer and full-service venue operator that has been growing its foodservice division into a global player through acquisition.

Financing

An Applebee's franchisee is buying Corner Bakery for $15M

By Jonathan Maze on Jun. 02, 2023

SSCP Management, owner of Roy’s and a co-owner of Cici’s, won a bankruptcy auction for the fast-casual bakery/café chain.

Financing

'Cook-it-yourself' Asian chain GEN Korean BBQ plans an IPO

By Jonathan Maze on May 31, 2023

The 32-unit concept, started by a pair of longtime restaurateurs including the former owner of Baja Fresh, plans to raise $25 million in an initial public offering.

Financing

A lawsuit accuses Oath Pizza's CEO of selling the company to himself over objections

By Jonathan Maze on May 30, 2023

Investor James Alpi accuses Andrew Kellogg of buying off the struggling fast-casual pizza chain’s assets for $10,000, plus a 10-year note, despite receiving at least one offer for $1 million.

Financing

Here come the restaurant IPOs

By Jonathan Maze on May 24, 2023

The Bottom Line: Cava Group’s filing of its initial public offering documents could be the first of a few industry IPOs this year. But restaurant M&A remains weak.

Financing

Former Famous Dave's investor makes a $12M bid for Corner Bakery

By Jonathan Maze on May 23, 2023

The hedge fund Wexford Capital, including Famous Dave’s former CEO Jeff Crivello, has an opening bid in an auction for the fast-casual bakery-cafe chain.

Operations

US Foods agrees to acquire broadline distributor Renzi Foodservice

By Peter Romeo on May 19, 2023

The deal will add 2,300 accounts to US Foods' fold. Terms were not disclosed.

Financing

The owner of Quiznos and Church's is apparently making a play for a bankrupt Hardee's franchisee

By Jonathan Maze on May 18, 2023

A company apparently controlled by High Bluff Capital, the investment firm that owns the restaurant chains, is the stalking horse bidder for half of the 108 restaurants operated by Summit Restaurant Holdings.

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