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New Deal


Announced

Thai Union to acquire the remaining stake in Red Lobster from Golden Gate Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned25%
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Acquisition

United States

seafood restaurants

Restaurants and Bars

Pending

Single Bidder

Majority

Friendly

Synopsis

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Thai Union, a Thailand-based producer of seafood-based food products, agreed to acquire the remaining 75% stake in Red Lobster, an American casual dining restaurant chain, from private equity firm Golden Gate Capital. Financial terms were not disclosed. "We are thrilled to deepen our relationship with Thai Union, a long-term strategic supplier to Red Lobster and an investment partner for the last four years. Our organization will also benefit from the tremendous international restaurant and hospitality expertise brought by Seafood Alliance. I want to thank Golden Gate Capital for their unwavering support over the past six years and particularly over the past five months," Kim Lopdrup, Red Lobster CEO.

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