Announced
Financials
Tags
Majority
Single Bidder
Acquisition
Domestic
Private
restaurant brand
Friendly
Restaurants and Bars
United States
Pending
Synopsis
Yadav Enterprises, a restaurant company, agreed to acquire Taco Cabana, a restaurant brand, from Fiesta Restaurant Group, which owns, operates and franchises the Pollo Tropical and Taco Cabana restaurant brands, for $85m. "We made the strategic decision to sell the Taco Cabana business to allow our leadership team to focus completely on accelerating Pollo growth, and we are very excited about the tremendous growth opportunities we have for the Pollo Tropical business," Richard Stockinger, Fiesta President and CEO.
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