M&A Advisory

Duff & Phelps' Restaurant M&A Practice Advised TooJay’s on a §363 Sale

Toojay's
/-/media/assets/images/transactions/2020/toojays.jpg

has been acquired in a §363 sale

2020-10-28T00:00:00.0000000

Connect with us

Josh Benn
Josh Benn
Head of Americas M&A Advisory and Global Head of Consumer Corporate Finance
New York
Phone

On September 9, 2020, TooJay’s Management LLC (“TooJay’s" or the "Company"), a Florida-based deli-style restaurant concept, sold substantially all of its assets to the Company’s senior secured lender, pursuant to Section 363 of the U.S. Bankruptcy Code. TooJay’s filed for Chapter 11 bankruptcy protection in April 2020 as a result of the impact of the coronavirus pandemic.

Duff & Phelps served as the exclusive financial advisor to TooJay’s in connection with the §363 sale transaction.

About TooJay’s 
Founded in 1981 and headquartered in West Palm Beach, Florida, TooJay’s is a regional, neighborhood-favorite deli-style restaurant concept serving authentic recipes and classic, timeless flavors of a traditional New York deli served with genuine hospitality. The Company operates more than 20 locations and serves guests in Palm Beach and Broward counties, the Treasure Coast, the West Coast of Florida, the Orlando area, the Villages, and Polk county. TooJay’s specializes in serving generous portions of homemade comfort foods, sliced-to-order sandwiches, and made-from-scratch soups, salads, and baked goods. Berger Singerman served as legal advisor to TooJay’s.


{1F8452CE-BB02-4541-A705-86D25933687E} {6415C1B3-FCD5-4FA8-BAC0-96774FEA4242} {A60877A4-2248-456C-B8DE-728B8C4124FC} {CA601B88-1E91-4803-A6A4-ECC35D220DCC} {170088C8-830B-4C38-BC1D-E375A677EEDC} {55013783-9455-4D36-882A-1D17F8D58889} {2DEEE4D2-8278-4C50-B3FF-1563BB257804} /en/transactions/m-and-a/sell-side-advisor-toojays case study

Stay Ahead with Kroll

Corporate Finance and Restructuring

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

Distressed M&A and Special Situations

Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.

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 is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2011-2020.

Private Capital Markets – Debt Advisory

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