OSI RESTAURANT COMPLETES BUYOUT

OSI Restaurant Partners has officially completed its $3.5 billion acquisition by an investor consortium. The group consists of private equity firms Bain Capital and Catterton Management Co., as well as company founders Chris Sullivan, Bob Basham and Tim Gannon and certain members of OSI management. Bain Capital holds the majority stake. Plans to sell any of OSI’s restaurants (which include Outback Steakhouse and Flemmings) have been denied by the company.