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Ranking the Biggest Restaurant Leveraged Buyouts

Apollo Global Management’s $1.3 billion takeover of the Chuck E. Cheese restaurant empire means a number of things.

One is that the private equity giant’s top executives have probably bought themselves all the gooey pizza and arcade game tokens they could ever want. The other is that they have struck the fifth-biggest leveraged buyout of an American restaurant chain ever, according to Standard & Poor’s Capital IQ.

Here’s a list of the top 10 L.B.O.’s in the restaurant industry. Apollo is responsible for two of them; Bain Capital is the title of reigning champion, having struck three.

TARGET BUYER DEAL VALUE ANNOUNCEMENT DATE
Burger King Worldwide 3G Capital $4.2 billion Sept. 2, 2010
OSI Restaurant Partners (parent of Outback Steakhouse) Catterton Partners, Bain Capital $3.5 billion Nov. 5, 2006
Dunkin’ Brands Carlyle Group, THL Partners, Bain Capital $2.4 billion Dec. 12, 2005
Burger King Worldwide Goldman Sachs, TPG Capital, Bain Capital $1.5 billion July 25, 2002
CEC Entertainment (parent of Chuck E. Cheese) Apollo Global Management $1.3 billion Jan. 16, 2014
Domino’s Pizza Bain Capital $1.1 billion Sept. 25, 1998
P. F. Chang’s China Bistro Centerbridge Partners $1.1 billion May 1, 2012
CKE Restaurants (parent of Carl’s Jr.) Apollo Global Management $1 billion April 20, 2010
Peet’s Coffee & Tea Joh. A. Benckiser, BDT Capital $1 billion July 23, 2012
Dave & Buster’s Oak Hill Capital Partners $778 million May 3, 2010
Source: Standard & Poor’s Capital IQ