Golden Gate Sells Romano’s Macaroni Grill

Golden Gate Capital has sold Romano’s Macaroni Grill to Ignite Restaurant Group for about $55 million. Ignite says it will fund the acquisition through a $50 million upsizing of the company’s existing credit facility. The deal is expected to close in late second quarter. KeyBanc Capital Markets provided financial advice to Ignite. Romano’s Macaroni Grill, which opened its first restaurant in 1988, currently owns and operates 186 units and franchises five units across 36 states.

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget