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New Deal


Announced

Create Restaurants acquires IL Fornaio for $74m.

Financials

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Transaction Value£59m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

italian restaurant

Restaurants and Bars

restauran chain

Acquisition

Pending

Single Bidder

Synopsis

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Create Restaurants Holdings, a leading operator of restaurant chain acquires IL Fornaio (America), an operator of Italian restaurants in the US from IFCB Holding for $74.2m. This acquisition would enable Create Restaurants to increase its footprint in the restaurant chain business in North America.

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