OracleofCarolina Posted July 1, 2014 Share Posted July 1, 2014 Chicago hot dog chain to sell for $1B: Sources Berkshire Partners is in advanced talks to acquire Portillo's for close to $1 billion, according to people familiar with the matter. Read more: http://www.cnbc.com/id/101804761 Sent from the CNBC app. Available for iPhone and iPad Link to comment Share on other sites More sharing options...
morningstar Posted July 1, 2014 Share Posted July 1, 2014 Never been to one of these. But a 14x LBO of a hot dog stand seems like a sign we are near a peak Link to comment Share on other sites More sharing options...
JSArbitrage Posted July 2, 2014 Share Posted July 2, 2014 In all fairness, that's 14x LTM EBITDA. There could be loads of pork spending in the P&L and it might be a great opportunity for a PE firm to cut out the fat... ...I'll see myself out. Link to comment Share on other sites More sharing options...
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