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New Deal


Announced

FAT Brands to acquire Twin Peaks from Garnett Station Partners for $300m.

Financials

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Transaction Value£217m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

United States

Acquisition

Restaurants and Bars

Single Bidder

beverage

Majority

Private

Private Equity

restaurant chain

Domestic

Friendly

Synopsis

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FAT Brands, a global franchising company, agreed to acquire Twin Peaks, a chain of sports lodges known for scratch-made food and signature 29° draft beers, from Garnett Station Partners, an investment firm, for $300m. "Twin Peaks is a noteworthy addition for FAT Brands. Following the recent acquisitions of Johnny Rockets and Global Franchise Group, this acquisition comes at a time when we’re seeking to expand our market segments into sports and polished casual dining," Andy Wiederhorn, FAT Brands CEO.

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