Travel & Entertainment M&A » By The Online Investor Staff, updated Tue., Jan. 28, 6:28 PM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #85. Darden Restaurants, Inc. — Yard House USA, Inc.
Acquirer:
Darden Restaurants, Inc. (NYSE:DRI)
Acquiree:
Yard House USA, Inc.
Details:
Darden Restaurants, Inc. announced that it has completed the acquisition of Yard House USA, Inc. for $585 million in an all-cash transaction from private equity firm TSG Consumer Partners LLC, management and investors. This follows the agreement that was announced on July 12, 2012. The total transaction price includes approximately $30 million of cash tax benefits that are expected to be realized by Darden in fiscal 2013 and fiscal 2014.
Darden Restaurants is a restaurant company. Co. owns and operates restaurants through subsidiaries in the U.S. and Canada under the Olive Garden®, LongHorn Steakhouse®, Cheddar's Scratch Kitchen®, Yard House®, The Capital Grille®, Seasons 52®, Bahama Breeze®, and Eddie V's Prime Seafood® trademarks. Co. has four reportable segments: Olive Garden; LongHorn Steakhouse; Fine Dining (which includes The Capital Grille and Eddie V's); and Other Business (which includes Cheddar's Scratch Kitchen, Yard House, Seasons 52, Bahama Breeze and results from its franchise operations).
Darden Restaurants SEC Filing Email Alerts Service
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