Sell Side Advisor

Duff & Phelps Restaurant M&A Practice Advised Johnny Rockets on Its Sale to FAT Brands Inc. (NASDAQ: FAT)

Johnny_Rockets
/-/media/assets/images/transactions/2020/johnny-rockets.png

a portfolio company of

Sun Capital

has been acquired by

FAT Brands
2020-10-08T00:00:00.0000000

Connect with us

Josh Benn
Josh Benn
Head of Americas M&A Advisory and Global Head of Consumer Corporate Finance
New York
Phone
Vijay Sampath
Vijay Sampath
Managing Director
Consumer Investment Banking
New York
Phone

On September 21, 2020, Johnny Rockets Holding Co. (“Johnny Rockets" or the "Company"), a portfolio company of Sun Capital Partners, was acquired by FAT Brands Inc. (NASDAQ: FAT) (“FAT Brands").

Duff & Phelps served as the exclusive financial advisor to Johnny Rockets in connection with the transaction.

About Johnny Rockets
Founded in 1986 on iconic Melrose Avenue in Los Angeles, Johnny Rockets is a world-renowned, international restaurant franchise that offers high quality, innovative menu items including items including certified angus beef cooked-to-order hamburgers, chicken sandwiches, crispy fries and rich, delicious hand-spun shakes and malts. With nearly 325 franchise and corporate locations in over 25 countries around the globe, the brand offers friendly service and upbeat music contributing to the chain’s signature atmosphere of relaxed, casual fun. Morgan Lewis & Bockius LLP served as legal advisors to Johnny Rockets.

About Sun Capital Partners
Founded in 1995, Sun Capital Partners, Inc. is a global private equity firm focused on identifying companies’ untapped potential and accelerating value through operational excellence. Since 1995, Sun Capital Partners has invested in more than 375 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. Over the past 25 years, Sun Capital Partners has built a reputation as a trusted partner recognized for its investment and operational experience, including particular expertise in the business services, consumer, healthcare, and industrial sectors. Sun Capital Partners has offices in Boca Raton, Los Angeles, New York and London.

About FAT (Fresh. Authentic. Tasty.) Brands 
Based in Beverly Hills, California, FAT Brands Inc. (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns nine restaurant brands: Fatburger, Johnny Rockets, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 700 units worldwide. Loeb & Loeb LLP served as legal advisors to FAT Brands.


{22071366-6F45-4C04-8261-CDFA24749510} {A60877A4-2248-456C-B8DE-728B8C4124FC} {CA601B88-1E91-4803-A6A4-ECC35D220DCC} {1F8452CE-BB02-4541-A705-86D25933687E} {170088C8-830B-4C38-BC1D-E375A677EEDC} {55013783-9455-4D36-882A-1D17F8D58889} {6B18A490-2227-426A-A1D0-3836822E90EB} {70E25357-B690-49B8-948F-958DAD26DCD4} {2DEEE4D2-8278-4C50-B3FF-1563BB257804} /en/transactions/m-and-a/sell-side-advisor-johnny-rockets case study

Stay Ahead with Kroll

M&A Advisory

Kroll Corporate Finance supports companies and their advisors through every stage of M&A.

Transaction Advisory Services

Kroll’s Transaction Advisory Services is unencumbered by audit independence concerns and offers seamless analytical service throughout the deal continuum.

Fairness and Solvency Opinions

Duff & Phelps Opinions practice helps boards of directors and special committees formed by boards fulfill their fiduciary responsibilities when considering many corporate transactions.

Corporate Finance and Restructuring

Comprehensive investment banking, corporate finance, restructuring and insolvency services to investors, asset managers, companies and lenders.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

Fairness Opinion

Dating App Grindr Is Set to Go Public Via a De-SPAC Transaction Valued at $2.1 Billion. The Duff & Phelps Opinions Practice of Kroll Rendered a Fairness Opinion to Tiga Acquisition Corp. in Connection with Its Proposed Merger with Grindr Group, LLC.

Jun 07, 2022
Fairness Opinion Grindr
Dating App Grindr Is Set to Go Public Via a De-SPAC Transaction Valued at $2.1 Billion. The Duff & Phelps Opinions Practice of Kroll Rendered a Fairness Opinion to Tiga Acquisition Corp. in Connection with Its Proposed Merger with Grindr Group, LLC.