Atlanta and Calabasas Hills, Calif. — Roark Capital Group, a private equity firm based in Atlanta, has invested $200 million in The Cheesecake Factory Inc., owner and operator of the chain of restaurants of the same name. The Calabasas Hills, Calif.-based company also owns and operates the North Italia chain, as well as a collection of restaurants within the Fox Restaurant Concepts subsidiary. The funds will be used to immediately help The Cheesecake Factory navigate the COVID-19 pandemic, in which its dine-in service has been closed. The company, which has …
Fox Restaurant Concepts
The Cheesecake Factory Completes Acquisitions of North Italia and Fox Restaurant Concepts
by Katie Lee
Calabasas Hills, Calif. — As previously announced in August, The Cheesecake Factory Incorporated has closed the acquisitions of North Italia and Fox Restaurant Concepts (FRC), including Flower Child, for $308 million. The company previously invested $88 million in the North Italia and Flower Child concepts over the last 3 years in anticipation of their purchase. North Italia turns a modern lens on Italian cooking in the upscale, casual-dining segment. All dishes are handmade from scratch daily. The concept currently has 21 locations in 10 states and Washington, D.C. North Italia’s …
Calabasas Hills, Calif. — The Cheesecake Factory Incorporated has entered into definitive agreements to acquire Fox Restaurant Concepts (FRC) and the remaining interest in North Italia, reinforcing its leadership position in experiential dining. The transactions will be completed for $308 million. “Since making our initial minority investments in North Italia and Flower Child in 2016, we have not only helped fuel the growth of both brands, but also developed a deep relationship with Sam Fox at Fox Restaurant Concepts,” says David Overton, chairman and CEO of The Cheesecake Factory Incorporated. …