Deal Snapshot
CHEESECAKE FACTORY CLOSES ACQUISITION OF FOX RESTAURANT CONCEPTS, NORTH ITALIA
Friday 11 October 2019

California, US-based restaurant chain The Cheesecake Factory Inc. (NASDAQ: CAKE) has closed the acquisition of Arizona, US-based Fox Restaurant Concepts (FRC) and the remaining interest in North Italia, reinforcing its leadership position in experiential dining, the company said.
The transactions were completed for USD 308m in cash at closing. An additional USD 45m will be due ratably over the next four years. The company previously invested USD 88m in the North Italia and Flower Child concepts over the last three years in anticipation of their purchase.


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Details
Date Published: 11/10/2019
Target: Fox Restaurant Concepts (FRC)
Country: USA
Deal Size: 308m (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: The Cheesecake Factory Inc
Comment:


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