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New Deal


Announced

Completed

Xperience Restaurant to acquire Rio Mambo and THE RIM from RM Restaurant.

Financials

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

Tags

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Completed

restaurant

Restaurants and Bars

United States

Friendly

Majority

Acquisition

Single Bidder

Private

Domestic

Synopsis

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Xperience Restaurant, a casual and fine dining operator, agreed to acquire Rio Mambo and THE RIM, two casual eateries, from RM Restaurant, a full-service casual dining sevices provider. Financial terms were not disclosed. “We are honored to welcome founder, Brent Johnson, and the Johnson family to our family of restauranteurs. We look forward to continuing the rich legacy of the Rio Mambo and THE RIM restaurants and remaining highly engaged members of the communities in which they operate,” said Randy Sharpe, XRG CEO.

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