Sidley is representing Denny’s Corporation (NASDAQ: DENN), the owner and operator of full-service restaurant franchise chains Denny’s and Keke’s Breakfast Café, in its take-private acquisition by a consortium of investors. The all-cash transaction, valued at approximately US$620 million, represents a 52.1% premium to Denny’s’ closing stock price and delivers significant near-term cash value to shareholders.
The investor group includes TriArtisan, a private equity firm with global restaurant and hospitality investments, such as P.F. Chang’s; Treville, an investment firm focused on alternative assets; and Yadav Enterprises, one of Denny’s largest franchisees and the owner-operator of approximately 550 restaurants nationwide.
The Sidley team is being led by Derek Zaba (M&A and Private Equity) and includes Kai H.E. Liekefett, Scott R. Williams, Eric S. Goodwin, and Amy Jang (M&A and Private Equity); and Zachary Brusewitz (Global Finance).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
