acquisitions

Financing

The owner of Wagamama is being sold to a private equity firm

The Restaurant Group, the U.K. company that owns the Asian concept, is being sold to Apollo Global Management for $623 million.

Technology

Sysco is buying equipment supplier Edward Don

The acquired company will serve as the foundation for a new specialty equipment and supplies operation, Sysco said.

The Bottom Line: Parent company Fiesta Restaurant Group spent two years trying to find a buyer before ultimately agreeing to a deal with the owner of Primanti Bros. It illustrates the difficulties of the acquisition market over that period.

Fat Brands, which owns both chains, said the conversions will fuel the 103-unit Twin Peaks as it heads toward a planned 2024 IPO.

At an Investment Summit, held on an actual summit in Southern California, restaurant investors shared advice for bringing in financial partners.

The Charlotte-based company said that a sale of the cookie delivery company five years after acquiring the chain would “unlock shareholder value.”

The virtual food hall chain founded by Marc Lore is expanding into meal kits as it strives to become a “super app for mealtime.”

A Deeper Dive: The longtime industry executive and investor discusses what it takes to build the brand collector. He also discusses restaurant delivery, menu prices and mergers and acquisitions.

Meridian Restaurants, the large operator that declared bankruptcy in March, is selling 70 of its 91 remaining restaurants to several different franchisees as well as the brand following an auction this month.

The 18th deal for the owner of Johnny Rockets and Twin Peaks gives the company another casual-dining chain.

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