Portillo's buyout

[OracleofCarolina]

Chicago hot dog chain to sell for $1B: Sources

 

Berkshire Partners is in advanced talks to acquire Portillo's for close to $1 billion, according to people familiar with the matter.

 

Read more: http://www.cnbc.com/id/101804761

 

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[morningstar]

Never been to one of these. But a 14x LBO of a hot dog stand seems like a sign we are near a peak

[JSArbitrage]

In all fairness, that's 14x LTM EBITDA.  There could be loads of pork spending in the P&L and it might be a great opportunity for a PE firm to cut out the fat...

 

...I'll see myself out.