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Announced

Completed

The Howard Hughes completed the acquisiton of a minority stake in Jean-Georges Restaurants for $55m.

Financials

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Transaction Value£41m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Domestic

United States

Private

restaurant

Restaurants and Bars

Single Bidder

Minority

Friendly

Acquisition

Synopsis

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The Howard Hughes, a real estate development and management company, completed the acquisiton of a minority stake in Jean-Georges Restaurants for $55m. "Working in close partnership with Jean-Georges at the Seaport in New York City, we experienced first-hand his team's exceptional ability to execute at the highest levels while growing a global business. We see significant runway for Jean-Georges Restaurants to expand its worldwide capital-light restaurant management platform of food & beverage and other hospitality offerings. We look forward to contributing to their growth across HHC's national portfolio of large-scale, mixed-use communities," David O'Reilly, The Howard Hughes CEO.

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