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New Deal


Announced

Black Titan Franchise Systems to acquire Fuddruckers franchise business operations of Luby's for $19m.

Financials

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Transaction Value£13m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

franchise business

United States

Pending

Majority

Domestic

Friendly

Restaurants and Bars

Private

Acquisition

Synopsis

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Black Titan Franchise Systems, an affiliate of Nicholas Perkins, agreed to acquire Fuddruckers franchise business operations of Luby's, a parent company that operates restaurants, for $19m. "As a Fuddruckers franchisee, I have a vested interest in ensuring that all Fuddruckers franchisees have the resources, infrastructure, and operational and marketing support they need to maximize their return on investment. This strategic alignment, when combined with the fact that we sell the 'World's Greatest Hamburgers'™, will ensure the long-term success of the brand and our franchisees," Nicholas Perkins, Black Titan Franchise Systems CEO.,

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