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	<title>as·si·du·i·ty  &#187; Hotels Restaurants &amp; Leisure</title>
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		<title>as·si·du·i·ty  &#187; Hotels Restaurants &amp; Leisure</title>
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		<title>Burger King</title>
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		<description><![CDATA[In Dec-02 Texas Pacific Group, Bain Capital and Goldman Sachs Capital Partners acquired Diageo’s fast food restaurant subsidiary Burger King for US$1.5bn (US$1.2bn cash, US$86m assumed debt and US$212.5m subordinated debt). This implied the following multiples: 93% of sales (US$1.62bn, 1.4x net tangible capital turn), 5.0x LTM EBITDA (estimated at US$300m, 18.5% margin) and 7.2x [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=assiduity.wordpress.com&blog=665028&post=33&subd=assiduity&ref=&feed=1" />]]></description>
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		<title>Boca Resorts</title>
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		<description><![CDATA[In Oct-04 affiliates of The Blackstone Group agreed to acquire all of the outstanding shares of US luxury resort owner and operator Boca Resorts, Inc. for US$24 in cash for each of the 40,174579 share oustanding valuing the equity at approximately US$1,029m on a fully diluted basis (6,590,304 stock options outstanding with weighted average strike [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=assiduity.wordpress.com&blog=665028&post=28&subd=assiduity&ref=&feed=1" />]]></description>
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