That’s One Expensive Taco

How much is a big brand worth? Chicago restaurateur Larry Levy, who is in advanced talks to acquire Del Taco, a US fast food chain specialising in Mexican cuisine, is about to find out.


That’s One Expensive Taco

How much is a big brand worth? Chicago restaurateur Larry Levy, who is in advanced talks to acquire Del Taco, a US fast food chain specialising in Mexican cuisine, is about to find out.

Using his company Levy Acquisition Corp, known for its blank cheque acquisitions, Levy is negotiating as much as $500 million including debt for the 1964 brand with 560 units across 16 US states that serves more than three million customers per week.

Del Taco is presently owned by a consortium of private equity firms that include Goldman Sachs and is one of a number of restaurant chains trying to sell themselves or go public as market valuations for the sector continue to hold strong.

Levy is the co-founder of Levy Restaurants, which operate concession stands, and owns Chicago restaurant Spiaggia, which is regarded is one of President Obama’s favourite restaurants.

Tracy Lee Nicol
About the Author
Tracy-Lee Nicol is the managing editor of Franchise Zone Magazine and deputy editor of Entrepreneur Magazine. She studied her Masters degree in Art History and Visual Culture at Rhodes University and spent the next two years working and travelling in Asia. Her love of people, business and teaching is reflected in telling the stories of entrepreneurs, franchisees and franchisors, inspiring others to take the leap to being their own boss and bringing about positive change in South Africa.

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