The 39-restaurant chain was bought by TSG in 2007. Sales have grown from $183m in 2009 to $262m by the end of last year.
The deal, previously announced back in July, represents 12.5 times Yard House USA’s fiscal 2013 projected EBITDA of $44m.
“Our 2007 investment in Yard House was an extraordinary investment for the fund, having exhibited remarkable performance in the 2008 and 2009 periods and thereafter,” Hadley Mullin, a managing director at TSG Consumer Partners, said at the time.
TSG’s most recent deal was its investment in Los Angeles-based luxury brand Paige Denim.
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