Golden Gate Capital Sells Remaining Stake in Red Lobster
Private-equity firm Golden Gate Capital announced on Monday that they have sold their remaining stake in Red Lobster Seafood Co. to a consortium comprised of existing Red Lobster investor Thai Union Group PCL, an investor group consisting of highly experienced global restaurateurs and hospitality industry executives, and Red Lobster management.
Golden Gate Capital had acquired Red Lobster and certain related assets and liabilities from Darden Restaurants for about $2.1 billion in 2014. Two years later, Thai Union, which is a supplier for Red Lobster, acquired a stake...
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