News: Deals: Reports

Platinum Club II & Rick's Cabaret International Inc	Update Date: 06/19/08
Date Announced: 05/13/08
Value (million $USD): 7.5 million U.S. Dollar

Status: Completed

TRANSACTION DETAILS
Date Announced	05/13/08
Date Originally Announced	05/13/08
Format	Acq. of Assets	Acquisition techniques	Not Applicable
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	7.5 million U.S. Dollar	Advisor Fees	n/a

SYNOPSIS
US - Rick's Cabaret International Inc acquired Platinum Club II, an owner and operator of a nightclub, for $7.5 mil. The transaction had been subject to customary closing conditions and regulatory approvals.

TARGET
Name	Platinum Club II
Industries	Drinking places (alcoholic beverages)
City	Dallas
State	TX
Nation	United States
Incorporated in	n/a
Public Status	Private
Business Description	Platinum Club II, located in Dallas, Texas, owns and operates an upscale night club catering to African-American gentlemen.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Rick's Cabaret International Inc (RICK)
Industries	Drinking places (alcoholic beverages); Information retrieval services
City	Houston
State	TX
Nation	United States
Incorporated in	TX
Public Status	Public
Business Description	Rick's Cabaret International Inc, located in Houston, Texas, owns and operates adult nightclubs, restaurants and bars, headquartered in Houston, Texas. The company also operates online auction sites such as NaughtyBids.com and CouplesTouch.com. The company was founded in 1983.
Advisors	NULL
Acquiror Sales	43.8 million U.S. Dollar

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