.
MergerLinks Header Logo

New Deal


Announced

Pinstripes to go public via a SPAC merger with Banyan Acquisition in a $520m deal.

Financials

Edit Data
Transaction Value£407m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Merger

Single Bidder

Pending

Private

De-SPAC

United States

Acquisition

Friendly

restaurant chain

Restaurants and Bars

Domestic

Private Equity

Synopsis

Edit

Pinstripes, an experiential dining and entertainment brand, agreed to go public via a SPAC merger with Banyan Acquisition, blank check company, in a $520m deal. Upon the founding of Banyan Acquisition Corp., we declared our aim to identify an appealing business with promising growth opportunities that would benefit from our expertise and experience in the foodservice industry. We sought a company with a strong market position, competitive advantages, and a highly experienced management team that has a proven track record of maximizing value while upholding the utmost integrity. Today, we are delighted to announce that we are accomplishing this objective through our proposed merger with Pinstripes,” Jerry Hyman, Banyan Chairman.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US