acquisitions

Financing

Unique model earns Cooper’s Hawk a big payday

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.

Financing

Private equity firm to sell Jack’s Family Restaurants

Onex Group said it has a deal to sell the Alabama-based chain to an undisclosed buyer and triples its investment.

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.

The fast-growing revolving sushi chain hopes to raise $58 million.

The casual-dining operator closed six locations and blamed rising minimum wages and shifting consumer tastes for the filing.

The company terminated one of its largest franchisees over unpaid royalties following the closure of a location over health code violations.

The deal would make PFG one of the largest foodservice distributors in the U.S.

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