Deals
Wall Street's Favorite Steakhouse Has a New Owner
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Tilman Fertitta, the billionaire owner of Landry’s Inc., agreed to buy Del Frisco’s Double Eagle Steakhouses and Del Frisco’s Grilles from a private equity firm.
The deal was announced the same day that buyout firm L Catterton completed its acquisition of Del Frisco’s Restaurant Group Inc. for about $650 million, according to a Landry’s statement Wednesday. Terms for Landry’s deal weren’t disclosed. L Catterton will retain ownership of the bartaco and Barcelona Wine Bar brands.