L Catterton Acquires Del Frisco's Restaurant Group; Sells Steakhouse Assets to Landry's

Individual Investor Acquires Cattlemen's Steakhouse, Inc.

January 29, 2025

Restaurants & Hospitality

Generational Group advised the sale of Cattlemen's Steakhouse, Inc., a historic Oklahoma City steakhouse, to an unnamed individual investor, with the transaction closing on January 29, 2025. The buyer acquired both the business and its real estate and intends to preserve the restaurant's long-standing atmosphere and operations.

Darden Restaurants Acquires Chuy's Holdings, Inc.

October 14, 2024

Restaurants & Hospitality

Darden Restaurants completed its previously announced all-cash acquisition of Chuy's Holdings, Inc. for an enterprise value of approximately $605 million, financed in part with proceeds from senior note offerings. Chuy's—founded in Austin, Texas—operates just over 100 Tex‑Mex restaurant locations (about 101 stores) with annualized unit volumes of roughly $4.5 million; Chuy's stockholders approved the merger and the company's common stock ceased trading on Nasdaq.

Chopt Acquires Dos Toros Taqueria; L Catterton Backs New Founders Table Restaurant Group

January 23, 2020

Restaurants & Hospitality

Fast-casual salad chain Chopt has purchased burrito chain Dos Toros Taqueria in a deal funded by private equity firm L Catterton. The two brands will sit under a new parent, Founders Table Restaurant Group (led by Chopt CEO Nick Marsh), remain separate customer-facing concepts and will roll out a shared loyalty program; financial terms were not disclosed.

Jack in the Box Acquires Del Taco for Approximately $585 Million

March 8, 2022

Restaurants & Hospitality

Jack in the Box Inc. completed its acquisition of Del Taco Restaurants, Inc. for approximately $585 million, paying Del Taco stockholders $12.51 per share in cash. Del Taco’s common stock will be delisted from NASDAQ as the combined company pursues greater scale, unit growth and investments in digital and technology capabilities to strengthen both QSR brands.

L Catterton Acquires Cholula

April 15, 2019

Food & Beverage

L Catterton, the consumer-focused private equity firm, completed its acquisition of Cholula, a leading hot sauce producer and distributor. Terms were not disclosed; L Catterton said it will support Cholula’s continued expansion in the hot sauce category and broader retail and foodservice markets.

TriArtisan‑Led Consortium Acquires Denny's Corporation

January 16, 2026

Restaurants & Hospitality

A consortium led by TriArtisan Capital Advisors, alongside Treville Capital Group and franchisee Yadav Enterprises, completed the all‑cash acquisition of Denny's Corporation on January 16, 2026. Shareholders received $6.25 per share (approximately $620 million enterprise value), Denny's common stock ceased trading on Nasdaq, and the new owners said they will invest in the brands, support franchisees and accelerate growth initiatives.