Sidley Advised Denny’s Corporation On US$620 Million Take-Private Sale
Sidley advised Denny’s Corporation on its US$620 million take-private acquisition by a consortium of investors.
Sidley advised Denny’s Corporation on US$620 million take-private sale
The Global law firm, Sidley has advised Denny’s Corporation (NASDAQ: DENN), the owner and operator of full-service restaurant franchise chains Denny’s and Keke’s Breakfast Café, on 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 comprises TriArtisan, a private equity firm with global restaurant and hospitality investments including 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 was led by Derek Zaba (Partner, M&A and Private Equity), with support from Kai H.E. Liekefett (Partner, M&A and Private Equity), Scott R. Williams (Partner, M&A and Private Equity), Eric S. Goodwin (Partner, M&A and Private Equity), Amy Jang (Partner, M&A and Private Equity), and Zachary Brusewitz (Partner, Global Finance).
Sidley Austin LLP is a global law firm with over 2,300 lawyers in 21 offices worldwide, known for representing clients on complex transactional, regulatory, and litigation matters. The firm has a strong reputation in areas like M&A, private equity, and life sciences, and has a distinguished U.S. Supreme Court and appellate practice. Sidley serves a diverse client base of major corporations, financial institutions, and government entities across more than 70 countries.
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