Brinker International, Inc. has announced that it has entered into a purchase agreement with Mac Acquisition LLC, an affiliate of Golden Gate Capital, for the sale of a majority interest in Romano’s Macaroni Grill. Golden Gate Capital is a San Francisco-based private equity firm. Brinker will retain a 19.9 percent continuing ownership interest in the brand.
“Golden Gate is well-known for partnering with corporations to help grow established consumer and retail brands. Brinker International will retain a minority ownership position in order to both maximize the value to Brinker’s shareholders and contribute to the success of Macaroni Grill as a stand-alone entity,” said Doug Brooks, Chairman and Chief Executive Officer of Brinker International.