Investment company Golden Gate Capital informs about the completion of the purchase transaction California Pizza Kitchen. California Pizza Kitchen or IBS, as this brand is better known in the market, is a chain of restaurants that offer California-style food to customers.
Total IBS owns more than 200 restaurants, this brand has become very famous and loved by customers due to the presence of non-standard and unusual offers on the menu, a creative approach to its preparation, the company also has a licensing agreement with the corporation Nestlerelating to the sale of frozen foods. The transaction amount will be 470 million US dollars.
The announcement of a possible sale was made in April, since then several companies have shown interest in this well-known brand, but the buyer company offered the most favorable terms. Golden Gate Capital will pay the full amount in cash, which will be $18.5 per share. The deal is scheduled to be completed in the third quarter of this year. Golden Gate Capital considers such an investment as an excellent move in the field of long-term investment.
