Del Taco Restaurants, Inc. acquired by Jack in the Box Inc.
Jack in the Box Inc. acquired Del Taco Restaurants, Inc., a US mexican quick service restaurants brand, on Dec 6, 2021.
Transaction summary
- Target
- Del Taco Restaurants, Inc.
- Acquirer
- Jack in the Box Inc.
- Seller
- -
- Announced
- 2021-12-06
- Geography
- United States
- Tags
- ConsumerFood & BeverageMexican Quick Service RestaurantsRestaurants
- Type
- Take Private
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Value and multiples
100% enterprise value
USD 575M
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
1.09x
Period: FY2021 Estimate 2021
Basis: Derived from source data
EV / EBITDA
11x
EBITDA: normalised / adjusted
Basis: Derived from source data
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 585M
Approximately USD585m aggregate consideration used to consummate the merger at closing, including Del Taco equity payments; distinct from announced USD575m EV including debt.
Basis
- USD 575m enterprise value is treated as publicly disclosed or derived directly from public source data.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- Implied EV / revenue is 1.09x, calculated from USD 575m value and USD 527m revenue.
- Revenue and multiple inputs are not fully disclosed in public transaction materials reviewed; treat the multiple as an estimate.
- Announced transaction value approximately USD575m including debt is whole-company EV. Proxy November2021 projections: FY2021 estimated revenue USD526.9m and adjusted EBITDA USD52.3m. Standalone multiple derived from announced EV; not attributed as reported. USD575m / USD526.9m = approximately1.09x revenue; USD575m / USD52.3m = approximately11.0x EBITDA, calculated using FY2021 forecasts. The approximately7.6x announcement multiple includes synergies and is not used as standalone. Completion filing reports approximately USD585m aggregate merger consideration at closing, including equity payments; distinct from announced USD575m transaction EV including debt. USD575m / USD526.9m = approximately1.09x revenue; USD575m / USD52.3m = approximately11.0x EBITDA, calculated using FY2021 forecasts. Proxy November2021 projections: FY2021 estimated revenue USD526.9m and adjusted EBITDA USD52.3m. Standalone multiple derived from announced EV; not attributed as reported.
Source summary
Jack in the Box to Acquire Del Taco, Combining Two Challenger Brands to Create Substantial Opportunities for Growth and Increased Profitability
Confirmedtransaction valued at approximately $575 million, including existing debt
Open sourceDel Taco Restaurants, Inc. Form 8-K — Completion of Acquisition
Confirmedthe Company became a wholly-owned subsidiary of Parent
Open sourceDel Taco merger proxy financial forecasts
Confirmed2025E 2026E Total Revenue (1) 526.9 556.4
Open sourceJack in the Box to Acquire Del Taco, Combining Two Challenger Brands to Create Substantial Opportunities for Growth and Increased Profitability
ConfirmedDecember 6, 2021 – Jack in the Box Inc. (NASDAQ: JACK), one of the nation’s leading QSR chains,
Open sourceJack in the Box to Acquire Del Taco, Combining Two Challenger Brands to Create Substantial Opportunities for Growth and Increased Profitability
Confirmed$12.51 per share in cash in a transaction valued at approximately $575 million, including existing debt.
Open sourcetaco-20220308
ConfirmedAs a result of the Merger, the Company became a wholly-owned subsidiary of Parent.
Open sourceReviewed public transaction evidence
ConfirmedOn March 8, 2022, Epic Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of the Company, merged
Open sourceDel Taco merger proxy financial forecasts
Confirmed2021E 2022E (2) 2023E 2024E 2025E 2026E Total
Open sourceDel Taco merger proxy financial forecasts
ConfirmedAdjusted EBITDA (6) 52.3 57.3
Open sourceJack in the Box to Acquire Del Taco, Combining Two Challenger Brands to Create Substantial Opportunities for Growth and Increased Profitability
Confirmedthe transaction values Del Taco at a synergy adjusted multiple of approximately 7.6x trailing twelve months Adjusted EBITDA.
Open sourceDocument
Confirmedacquisition of Del Taco Restaurants, Inc. (NASDAQ: TACO) for approximately $585 million.
Open source