June, 2020

For 2019, strategic buyers accounted for 81% of Restaurant M&A transactions. During 2018, strategic buyers accounted for 82% of the transactions.

Select recent notable publicly announced M&A transactions:

– ICV Partners acquired Diversified Restaurant Holdings for $181 million.

– Spice Private Equity acquired Bravo Brio Restaurant Group for approximately $100 million.

– Inspire Brands acquired Sonic for approximately $2.3 billion.

– L Catterton acquired Del Frisco’s for approximately $841 million.

– The Cheesecake Factory acquired Fox Restaurant Concepts for $223 million.

– Durational Capital Partners and The Jordan Company acquired Bojangle’s for approximately $770 million.

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