---
title: "NRD Capital Buys Ruby Tuesday"
url: https://burnaze.com/article/1d620609-8ab6-4dd4-aa51-534a8b10c5b8
source: "1851 Franchise"
original_url: https://1851franchise.com/nrd-capital-buys-ruby-tuesday-2704609
category: "Casual dining"
industry: "Restaurants"
segment: "Casual dining"
topics: ["Finance & M&A"]
published: 2017-10-16T21:16:28.000Z
modified: 2026-11-01T03:06:26.258Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/2c8d3f6ffad1d072aadd1937826549a78494.jpg
---

# NRD Capital Buys Ruby Tuesday

**TL;DR:** NRD Capital has announced the purchase of the Ruby Tuesday restaurant franchise for $335 million, with plans to expand the brand. The sale is expected to be completed during the first calendar quarter of 2018.

*originally published in 1851 Franchise on 2017-10-16. [Read the original](https://1851franchise.com/nrd-capital-buys-ruby-tuesday-2704609).*

## Story

On Monday, Ruby Tuesday Inc. and NRD Capital announced that the Atlanta-based private equity company will purchase the entire Ruby Tuesday restaurant franchise. The sale is expected to be completed during the first calendar quarter of 2018 .

The deal is valued at $335 million, with NRD paying $2.40 per share, 21 percent above Friday’s closing share price. The sale is NRD Capital’s largest acquisition to date. The fledgling private equity group was established only three years ago by former Popeyes, Domino’s, and Checkers franchisee Aziz Hashim and has previously purchased a number of smaller-name foodservice brands including Fuzzy’s Taco Shop and Frisch’s Big Boy.

“The Board of Directors and our advisors have thoroughly evaluated all options available to the Company and are confident that this agreement will provide the most promising opportunity to realize the highest value for our stockholders while providing the best path forward for the Ruby Tuesday brand, its employees, franchisees, and loyal customers,” said Stephen Sadove, Non-executive Chairman of Ruby Tuesday. “NRD Capital has a distinguished track record of achieving and maintaining profitable growth for restaurant concepts and will be an excellent partner to lead Ruby Tuesday going forward.”

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- brand expansion (topic)
- private equity (topic)
- Domino's (company)
- Popeyes (company)
- Checkers (company)
- Fuzzy's Taco Shop (company)
- Ruby Tuesday (company)
- NRD Capital (investor)
- restaurant acquisition (topic)
- Frisch's Big Boy (company)

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Originally reported by 1851 Franchise (https://1851franchise.com/nrd-capital-buys-ruby-tuesday-2704609). Summarized by Burnaze (https://burnaze.com/article/1d620609-8ab6-4dd4-aa51-534a8b10c5b8).