They sold their real estate for 1.5 billion and then red lobster paid 200 million a year in rent.
That’s insane.
In 7.5 years they would pay back the purchase price.
That just seems like a massively bad deal for red lobster, I wonder was there another way the private equity firm made out on that deal ?
That just seems like a massively bad deal for red lobster, I wonder was there another way the private equity firm made out on that deal ?