RL Investor Holdings LLC Acquires Red Lobster Out of Chapter 11

Thai Union-Led Consortium and Red Lobster Management Acquire Red Lobster from Golden Gate Capital

August 31, 2020

Restaurants & Hospitality

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.

Sonesta International Hotels Corporation Acquires RLH Corporation

December 30, 2020

Restaurants & Hospitality

Sonesta International Hotels Corporation announced a definitive agreement to acquire RLH Corporation (NYSE: RLH), a franchisor with more than 900 hotels. The deal will expand Sonesta's scale and franchising capabilities, creating a combined company with roughly 1,200 hotels across multiple brands; the transaction is expected to close in the first half of 2021 and will be funded with cash-on-hand and/or capital contributions from Sonesta's shareholders.

Darden Restaurants Acquires Ruth's Hospitality Group

May 3, 2023

Restaurants & Hospitality

Darden Restaurants agreed to acquire all outstanding shares of Ruth's Hospitality Group, the owner/operator of Ruth's Chris Steak House, in an all-cash transaction valued at about $715 million ($21.50 per share). The deal, which closed June 14, 2023 via a tender offer and short-form merger, brings roughly 155 Ruth's Chris locations and nearly 5,000 team members into Darden's portfolio of restaurant brands.

Fortress Investment Group Acquires Loungers for £354.4 Million

February 21, 2025

Restaurants & Hospitality

Funds managed by affiliates of Fortress Investment Group completed the acquisition of Loungers for £354.4 million, taking the company private. Fortress said the purchase will support Loungers’ growth plans across the UK; shareholders representing over 35.9% of prior share capital elected to retain equity in the new structure.

Hidden Harbor Capital Partners Acquires R.L. James Inc.

January 18, 2024

Construction

Hidden Harbor Capital Partners has acquired R.L. James Inc., a Fort Myers-based provider of exterior restoration and remediation services, in a transaction that closed December 15, 2023. The investment positions Hidden Harbor to scale RL James' operations across Southwest and Central Florida while providing an ownership transition for founder Bob James.

Salt Creek Capital Acquires Infinity RRGB Ventures, Inc

August 26, 2025

Restaurants & Hospitality

Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Infinity RRGB Ventures, Inc., the exclusive Canadian franchisee and operator of Red Robin restaurants in British Columbia. The transaction transfers ownership from longtime owner Sudhir Santos while keeping CEO Jamie Reeves and the existing management team in place to drive future growth across Infinity's 11 locations.