Thai Union-Led Consortium and Red Lobster Management Acquire Red Lobster from Golden Gate Capital
August 31, 2020
Golden Gate Capital agreed to sell its remaining equity stake in Red Lobster Seafood Co. to a consortium led by Thai Union Group PCL, an investor group operating under the name Seafood Alliance (led by Paul Kenny and Rit Thirakomen), and Red Lobster management. The deal deepens Thai Union's strategic commitment to Red Lobster and brings additional international restaurant operating expertise to support domestic and international growth; financial terms were not disclosed.
- Buyers
- Thai Union Group PCL, Seafood Alliance (investor group led by Paul Kenny and Rit Thirakomen), Red Lobster management
- Targets
- Red Lobster Seafood Co.
- Sellers
- Golden Gate Capital
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Transaction Type
- Divestiture
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