RL Investor Holdings (Fortress-led group) Acquires Red Lobster Out of Chapter 11
July 23, 2024
RL Investor Holdings LLC — an entity formed by funds managed by affiliates of Fortress Investment Group with co-investors TCW Private Credit and Blue Torch — has completed its acquisition of the Red Lobster restaurant chain as the company exits Chapter 11. The transaction recapitalizes Red Lobster (about 545 restaurants and a ~30,000-strong workforce) and includes a committed plan of new funding to stabilize operations and support a turnaround following the restructuring.
- Buyers
- RL Investor Holdings LLC, Fortress Investment Group, TCW Private Credit, Blue Torch
- Targets
- Red Lobster Seafood Co.
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Transaction Type
- Buyout
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