News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Buyout firms lose out on Hard Rock

A North American tribe has fended off competition from a group of private equity firms to acquire the restaurant chain Hard Rock Café for $965m (€726m).

The Rank Group, owners of Hard Rock, is selling off non-core assets to focus on its core gaming market. Merrill Lynch was lead adviser on the deal while Goldman Sachs provided a fairness opinion.

WSJ Logo