The commercial restaurant division of Compass Group's Restaurant Associates division will be spun off into a separate, privately-held company...

... It is is being taken private from former parent Compass Group under a buyout engineered by RA CEO Nick Valenti and Patina Group CEO Joachim Splichal.

The deal does not involve RA’s Managed Services or Special Events Catering units. The spinoff firm, which will not use the Restaurant Associates name, operates over four dozen properties, including restaurants, cafes and catering venues on the East and West coasts. Most are in New York and Los Angeles, including famous dining

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