Outback Steakhouse Parent Bloomin' Brands Files for IPO
April 09, 2012
The company plans to use the proceeds primarily for debt repayment—as of December 31, 2011, Bloomin' Brands had approximately $248.1 million in senior loans. Bain Capital currently has a 65.79% stake in the company, while Catterton Partners has a 13.61% stake. Bain, Catterton, Quilvest Private Equity and management took Bloomin' Brands private through a $3 billion LBO in 2007.