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New Deal


Announced

Completed

Golden Gate Capital completed the acquisition of Bob Evans Restaurants from Sandell-backed Bob Evans Farms for $565m.

Financials

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Transaction Value£454m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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restaurants

Private

Acquisition

Completed

United States

Food Products

Single Bidder

Private Equity

Majority

Domestic

Friendly

Synopsis

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Golden Gate Capital, a private equity firm, completed the acquisition of Bob Evans Restaurants, an American chain of restaurants, from Sandell-backed Bob Evans Farms for $565m. “The sale of Bob Evans Restaurants enables us to concentrate exclusively on BEF Foods, our fastest growing and most profitable segment. We believe this focus will result in higher returns for our shareholders and, as a more focused private business, Bob Evans Restaurants will be better able to deliver on its brand promise of providing quality food and hospitality to every guest at every meal," Saed Mohseni, Bob Evans Farms President and CEO.

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