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New Deal


Announced

A consortium led by Oaktree Capital and Centerbridge Partners to acquire OTG.

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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Majority

Restructuring

Restaurants and Bars

restaurants

airport eateries

United States

Acquisition

Domestic

Private

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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A consortium led by private equity firms Oaktree Capital and Centerbridge Partners agreed to acquire OTG, the hospitality group responsible for transforming the airport dining experience. Financial terms were not disclosed. "I'd like to thank all of the dedicated Crewmembers of OTG, suppliers, business partners, airlines, airport authorities and everyone who helped the company become what it is today. I look forward to seeing what OTG does next," Rick Blatstein, OTG Founder.

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