L Catterton completed the acquisition of Del Frisco's for $650m.

L Catterton, a consumer-focused private equity firm, completed the acquisition of Del Frisco’s Restaurant Group, a popular chain of restaurants in the USA for $650m in an all-cash deal. Del Frisco’s stockholders received $8.00 per share, representing a 22% percent premium to the closing share price on December 19, 2018, the last trading day prior to Company’s announcement of a strategic alternatives process, and a premium of approximately 21% to the 30-day volume-weighted average price ended on June 21, 2019. “L Catterton brings a distinguished track record of fostering the growth and success of world-class experiential brands. Together with their deep operational expertise in the restaurant industry, I am confident L Catterton will be a great long-term partner,” Norman Abdallah, Del Frisco’s Restaurant Group CEO.