12 Win Prestigious FT Dealmakers Awards
Franchise Times today announces winners of the 2016 Franchise Times Dealmakers awards, the fourth annual project recognizing the boldest players driving mergers and acquisitions in franchising.
“These 12 dealmakers show great creativity and sophistication in driving growth and getting deals done,” says Beth Ewen, editor-in-chief, who oversees the Franchise Times Dealmakers project. “Our project drew a record number of nominations this year, and we’re proud to share the stories and strategies of the best in franchise M&A with our readers.”
DEALMAKERS OF THE YEAR 2016 (in alphabetical order):
American Family Care attracts Bon Secours Health System as buyer of franchise units and development rights.
Cartridge World gains Suzhou GoldenGreen Technologies as strategic investor.
DDO Texas buys 35 Taco Bells/KFCs from R&L Foods, plus development rights for 15 more Taco Bells.
Del Taco merges with Levy Acquisition Corp. to retire debt and go public.
Driven Brands acquires Champlain Group and CARSTAR, backed by new owner Roark Capital.
JIB Management's Anil Yadav buys 64 TGI Friday's from the franchisor.
NRD Partners, a franchisee-owned fund led by Aziz Hashim, buys Frisch’s Restaurants, advised by Cheng Cohen.
Pacific Bells’ Tom Cook attracts Partners Group as investor for majority recapitalization.
QSR International divests 32 KFC restaurants in Costa Rica, advised by Trinity Capital.
Roark Capital securitizes Arby’s and takes Wingstop public, the first IPO for a Roark portfolio company.
TGI Fridays, owned by Sentinel Capital, completes massive refranchising effort executed by The Cypress Group.
United Ohana’s Sunil Dharod, also an Applebee’s franchisee, buys Roy’s Restaurants to diversify.
The winners were selected by a panel of judges, all experts in franchise M&A, from finalist nominations solicited by Franchise Times in the fourth quarter.
The 2016 Franchise Times Dealmakers will accept awards and tell how they landed their deals at a gala awards luncheon Tuesday, March 15, 2016, when the 2016 Deal of the Year will also be revealed. The luncheon is a highlight of the Franchise Times Finance & Growth Conference, March 14-16, at the Cosmopolitan in Las Vegas.
Nominations for next year’s project open October 1, at www.franchisetimes.com, for deals completed between July 1, 2015, through Dec. 31, 2016. Contact Beth Ewen, firstname.lastname@example.org, with questions.