Atlanta-based private equity firm NRD Capital has gobbled up another big restaurant deal.
NRD will buy struggling national restaurant chain Ruby Tuesday Inc., the companies announced Monday. As of September, the company operated 599 Ruby Tuesday restaurants in 41 states, 14 foreign countries, and Guam.
NRD was in the news in 2015 when it acquired Frisch’s Restaurants for $175 million.
NRD will acquire all of Ruby Tuesday’s common stock (NYSE: RT) for $2.40 per share in cash. Based on the 60,943,588…
Atlanta Business Journal
Atlanta private equity firm buying Ruby Tuesday for 6M