At what enterprise value was FIESTA RESTAURANT acquired in 2023?

During the acquisition of FIESTA RESTAURANT by RESTAURANT BRANDS in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FIESTA RESTAURANT when it was acquired by RESTAURANT BRANDS?

The estimated EV/EBITDA multiple for FIESTA RESTAURANT is in the range of 5x - 12x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.5x. Join our community for free to access full valuation data and industry trends.

When was FIESTA RESTAURANT acquired by RESTAURANT BRANDS?

FIESTA RESTAURANT was acquired by RESTAURANT BRANDS in 2023.

What was the revenue of FIESTA RESTAURANT at the time of the deal?

The revenue of FIESTA RESTAURANT at the time of the deal is estimated to be in the range of 250M - 500M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of FIESTA RESTAURANT during the acquisition?

FIESTA RESTAURANT's EBITDA is estimated to be in the range of 10M - 30M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FIESTA RESTAURANT acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the FIESTA RESTAURANT deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://authenticrb.com/news/fiesta-restaurant-group-inc-acquired

← DATABASE

Home Database Retail & ConsumerFIESTA RESTAURANT

08/2023

FIESTA RESTAURANT

Acquired by

RESTAURANT BRANDS

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 100M - 350M USD

FIESTA RESTAURANT acquired by RESTAURANT BRANDS

UNITED STATES Hospitality & Leisure / Hospitality / Restaurants / Chains EV 100M - 350M USD

Context

Authentic Restaurant Brands, a Garnett Station portfolio company, agreed to acquire Fiesta Restaurant Group, Inc. for $8.50 per share in cash, taking Pollo Tropical private. The all-cash deal, unanimously approved by Fiesta's board via special committee, includes a 30-day go-shop and awaits shareholder vote, HSR clearance, closing Q4 2023. Fiesta chose ARB for cultural fit with regional icons like Primanti Bros, providing resources for Pollo Tropical's Florida stronghold while retaining Miami HQ and leadership. Timing follows operational improvements, positioning the brand for growth amid fast-casual consolidation; ARB's restaurant/digital expertise accelerates franchise support and guest experience.

FIESTA RESTAURANT, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the Retail & Consumer sector (11.5x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Fiesta Restaurant Group, Inc. is the parent company of Pollo Tropical, a fast-casual restaurant chain specializing in authentic Caribbean-inspired chicken and Latin flavors. Headquartered in Miami, Florida, United States, Pollo Tropical offers fire-grilled chicken marinated in citrus and garlic, served with rice, beans, plantains, and fresh salads. Customers can customize meals with various proteins, sauces, and sides in a quick-service format featuring drive-thru, dine-in, and catering. The brand emphasizes fresh preparation without freezers, using daily-made empanadas, yuca fries, and tropical drinks. Pollo Tropical operates company-owned restaurants primarily in Florida with a focus on high-traffic locations. The chain has built a loyal following through consistent quality and value pricing since its founding. Fiesta Restaurant Group manages operations, franchise development, and supply chain for Pollo Tropical.

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Other operations with FIESTA RESTAURANT

REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 250M - 500M USD

EBITDA range: 10M - 30M USD

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).