Del Frisco’s Restaurant Group completed its acquisition of Barteca Restaurant Group, consisting of Barcelona Wine Bar and bartaco, for $325 million in cash, subject to customary adjustments set forth in the purchase agreement for Barteca’s consolidated debt, cash and working capital.

The transaction was funded with the proceeds from new senior secured credit facilities, which consist of a $390 million senior secured term loan and a $50 million revolver. JPMorgan Chase and Citizens Financial Group provided the financing.

“We are excited to have completed the acquisition and look forward to what we can achieve with our emerging brands. Barcelona and bartaco provide the Del Frisco’s portfolio with significant growth and development opportunities, enabling us to capture market share in the experiential dining segment, while mitigating the risk of seasonality and economic downturns from our more steak-centric concepts,” said Norman Abdallah, CEO of Del Frisco’s. “The ‘new’ Del Frisco’s will continue our corporate mission of celebrating life through great food, wine and hospitality.”

Jeff Carcara will continue to lead Barcelona and bartaco and has been named CEO of Del Frisco’s Emerging Brands. He will report to Abdallah.

Piper Jaffray acted as exclusive financial advisor to Del Frisco’s and its board of directors, while Skadden, Arps, Slate, Meagher & Flom acted as legal advisor. Kirkland & Ellis acted as legal advisor to Barteca.

Based in Irving, TX, Del Frisco’s Restaurant Group is a collection of 82 restaurants across 24 states, including Del Frisco’s Double Eagle Steakhouse, Barcelona Wine bar, bartaco, Del Frisco’s Grille and Sullivan’s Steakhouse.