L Catterton to Buy Del Frisco’s

Press enter to search
Close search
Open Menu

L Catterton to Buy Del Frisco’s


L Catterton will acquire Del Frisco’s Restaurant Group Inc.  in an all-cash transaction valued at approximately $650 million.

Del Frisco’s stockholders will receive $8 per share. The transaction is expected to be completed by the fourth quarter of 2019.

Del Frisco’s comprises four  brands across two distinct business lines — Del Frisco’s Grille and Del Frisco’s Double Eagle Steakhouse in the steak and grill category, and bartaco and Barcelona Wine Bar in the upscale regionally-inspired cuisine category. Upon the close of the transaction, L Catterton plans to run the bartaco and Barcelona Wine Bar businesses separately from the steakhouse brands in order to nurture the unique attributes of the brands.

The agreement was unanimously approved by Del Frisco’s Board of Directors following a thorough review of a full range of strategic alternatives by Del Frisco’s Strategic Alternatives Review Committee, which was first announced on December 20, 2018.