Announced
Completed
Financials
Tags
Domestic
Private
Restaurants and Bars
Completed
Private Equity
United States
Acquisition
Majority
Friendly
chain of restaurants
Single Bidder
Synopsis
FAT Brands, a restaurant franchising company, completed the acquisition of Johnny Rockets, a company that owns and operates restaurants, from private equity firm Sun Capital Partners for $25m. "The expansion of our whole business securitization facility further enhances our liquidity and financial flexibility and demonstrates the confidence that institutional investors have in our platform. We continue to scale our business through strategic acquisitions that complement our current brands and are pursuing other attractive opportunities in this environment," Andy Wiederhorn, FAT Brands President and CEO.
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