Dallas-based Macaroni Grill owner sells majority stake in chain - KLTV.com - Tyler, Longview, Jacksonville |ETX News

DALLAS (AP)

Dallas-based Macaroni Grill owner sells majority stake in chain

Brinker International today announced it will sell a majority stake in Romano's Macaroni Grill to a private equity firm.

Dallas-based Brinker will sell most of its stake to Mac Acquisition - a unit of San Francisco-based Golden Gate Capital - for $131.5 million in cash.

Brinker will then turn over six million dollars to Mac Acquisition in order to hold onto a nearly 20% stake in the brand.

Golden Gate Capital declined comment.

A Brinker spokesman says Golden Gate is an experienced consumer and retail investor and has a record of partnering with corporations to help grow established brands.

Brinker also owns Chili's, Maggiano's Little Italy and On The Border Mexican Grill & Cantina.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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