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Update: Restaurant Industry Insight Spotlight on Fast Casual – February, 2018

February, 2018

For announced transactions, Restaurant multiples saw a modest increase from 9.6x EBITDA in 2016 to 10.8x EBITDA in 2017.

Select recent notable publicly announced M&A transactions:

– Apollo acquired Qdoba for approximately $305 million.

– Arby’s Restaurant Group Inc. acquired Buffalo Wild Wings Inc. for approximately $2.9 billion.

– NRD Capital Management, LLC acquired Ruby Tuesday, Inc. for approximately $360 million.

– L Catterton acquired Uncle Julio’s Corporation for an undisclosed sum.

– FAT Brands Inc. acquired Homestyle Dining, LLC for approximately $10 million

– J. Alexander’s LLC acquired Ninety Nine Restaurant, Inc. for approximately $200 million.