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acquisitions

Financing

Quaker Steak & Lube sold for $5M

Seller Travel Centers of America said its nonfuel revenues were being dragged down because of full-service restaurant closings.

Financing

A much smaller Ruby Tuesday emerges from bankruptcy

The venerable casual-dining chain is less than half the size it was two years ago and is putting its hopes behind delivery-only brands.

Financing

Steak ‘n Shake lawsuit highlights the booming business of credit deals

By Jonathan Maze on Feb. 23, 2021

Investors are increasingly using “loan-to-own” strategies to take control of restaurant chains, says RB’s The Bottom Line.

Financing

Steak ‘n Shake avoids bankruptcy and sues its lender

By Jonathan Maze on Feb. 22, 2021

The burger chain, which was considering bankruptcy, has paid off its loan and then sued Fortress Investment Group for allegedly trying to take the company over.

Financing

CrowdOut Capital makes a $32M bid for Punch Bowl Social

By Jonathan Maze on Feb. 18, 2021

The lender, which has controlled the eatertainment chain since last year, was named the stalking horse bidder for the chain, but other potential buyers are lurking.

Financing

Punch Bowl Social kicks off its sale process

By Jonathan Maze on Feb. 16, 2021

The company and its lender have made peace and the company is attracting interest from potential buyers.

Financing

Roark Capital is raising another $5B

By Jonathan Maze on Feb. 05, 2021

The private-equity firm, one of the most aggressive investors in the restaurant space, has established a big, new fund.

Financing

Danny Meyer starts a SPAC

By Jonathan Maze on Feb. 05, 2021

The CEO of Union Square Hospitality Group and founder of Shake Shack has started a $250 million blank-check company targeting acquisitions in any industry, says RB’s The Bottom Line.

Financing

Tilman Fertitta hopes going public will launch more deals

By Jonathan Maze on Feb. 02, 2021

The owner of Landry’s and Golden Nugget, which built a $6.7 billion business through a series of acquisitions, now hopes a public offering will yield even more growth.

Financing

Landry’s will go public after merger with Fast Acquisition

By Jonathan Maze on Feb. 01, 2021

The restaurant conglomerate, along with the gaming company Golden Nugget, will be valued at $6.6 billion after the deal is complete.

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