PE Firms Take New Risks As Restaurant Industry Heats Up

Law360, New York (February 13, 2014, 1:29 PM EST) -- The buzzing restaurant industry has some private equity players veering from the industry's standard deal-making protocols and taking new risks with minority stakes, investments in younger companies and even high-end gambles on celebrity chef-centered restaurant groups, experts say.

In general, restaurant valuations are way up and cash flow for most businesses is coming in at a steady and snappy rate. With the good times rolling, private equity firms are nosing around for new opportunities, and some are beginning to deviate from the industry's protocol of taking...
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