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The deal is expected to help fuel the chain’s continued growth.
The deal gives the highway-side family dining chain a noncontrolling stake in the “eatertainment” concept.
The coffee chain is sharing technology with Brightloom, formerly known as Eatsa, which also raised $30 million.
The proposed $58 million offering could end a long dry period and make the public markets available to small chains again, says RB’s The Bottom Line.
Onex Group said it has a deal to sell the Alabama-based chain to an undisclosed buyer and triples its investment.
The chain’s sale to Ares Management shows again that companies rethinking the restaurant business can fetch strong valuations, says RB’s The Bottom Line.
Vintage Capital noted in its nonbinding bid that it is meeting with Red Robin’s leaders and hopes to keep the conversation “constructive.”
Sources have confirmed a Mergermarket report of the deal to the private equity firm.
A report last week said Postmates was considering a sale, rather than an IPO. That could further shift the dynamics of third-party delivery, says RB’s The Bottom Line.
5171 Campbells Land Co. seeks credit protection after the brand sues to terminate its stores.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
Ideas from the field you may want to borrow