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Private equity firm hauls in Red Lobster
date:May 19, 2014
Golden Gate Capital, a private equity firm, has acquired the Red Lobster restaurant chain from Darden Restaurants, Inc., Orlando, Fla., for $2.1 billion in cash.

Red Lobster is an exceptionally strong brand with an unparalleled market position in seafood casual dining, said Josh Olshansky, managing director at Golden Gate Capital. Red Lobster is exactly the type of company in which we seek to invest given its great brand profile and strong management team. We see significant opportunities for f

12/23 17:51