Between bankruptcies, franchisor-franchisee transactions and private-equity deals, the restaurant industry saw a wave of deal making in 2010 well above 2009 levels.
Roark Capital Group has a restaurant conglomerate of nine brands with more than 2,400 U.S. locations and $1.78 billion in domestic systemwide sales, excluding its new majority position in Arby’s.
Most of the time, the finance-speak I hear in quarterly earnings calls or read in restaurant securities analysts’ research notes goes way over my head. Yet the talk surrounding the proposed sales of secondary chains at Wendy’s/Arby’s Group and Yum! Brands Inc. recently went straight to the heart of the matter for me.
Long John Silver’s, A&W All-American Food and Arby’s were put up for sale last month, stoking speculation about potential buyers, the state of restaurant industry mergers and acquisitions, and the future of these chains.
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