---
title: "Nation's Restaurant News: Bravo Brio rejects Macaroni Grill bid"
url: https://burnaze.com/article/1861ee1a-e67b-401d-9d36-6ecd853de814
source: "1851 Franchise"
original_url: https://1851franchise.com/nations-restaurant-news-bravo-brio-rejects-macaroni-grill-bid-2706564
category: "Casual dining"
industry: "Restaurants"
segment: "Casual dining"
topics: ["Finance & M&A"]
published: 2018-05-17T22:17:26.000Z
modified: 2026-11-01T04:09:52.297Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/bc8d8788cb5a9a187fe678dc318f067e6051.jpg
---

# Nation's Restaurant News: Bravo Brio rejects Macaroni Grill bid

**TL;DR:** Bravo Brio Restaurant Group Inc. has rejected an unsolicited bid for Macaroni Grill, opting to move forward with the agreement in place with Spice Private Equity Ltd. Spice Private Equity has agreed to pay entirely in cash for ownership of the Macaroni Grill franchise.

*originally published in 1851 Franchise on 2018-05-17. [Read the original](https://1851franchise.com/nations-restaurant-news-bravo-brio-rejects-macaroni-grill-bid-2706564).*

## Story

Romano’s Macaroni Grill received an unsolicited bid for purchase. According to a recent article in Nation's Restaurant News, parent company Bravo Brio Restaurant Group Inc. has rejected the offer and will move forward with the agreement in place with Spice Private Equity Ltd.

“Macaroni Grill’s unsolicited proposal relies on significant third-party financing (both debt and equity), including by Raven Capital Management LLC, which was a prior participant in the company’s comprehensive review of strategic alternatives that led to BBRG’s entry into a definitive merger agreement,” said Bravo Brio.

Spice Private Equity has agreed to pay entirely in cash for ownership of the Macaroni Grill franchise. There will be a meeting amongst shareholders on May 22 for a final vote.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- private equity (topic)
- franchise sale (topic)
- merger agreement (topic)
- unsolicited bid (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/nations-restaurant-news-bravo-brio-rejects-macaroni-grill-bid-2706564). Summarized by Burnaze (https://burnaze.com/article/1861ee1a-e67b-401d-9d36-6ecd853de814).