Art of the Deal Panel Is Highlight of Upcoming FFGC
Susan Beth, COO of NRD Capital, will discuss why her firm purchased Ruby Tuesday and how they plan to turn around the iconic but ailing brand, at the Franchise Finance & Growth Conference May 7-9.
It’s not news to Susan Beth, COO of NRD Capital, that plenty of people questioned why the Atlanta-based private equity firm purchased Ruby Tuesday. When the $335-million take-private deal was announced last year, Beth said, all of her colleagues called and wondered why—they told her they hadn’t even bothered to look at the book promoting the deal.
She will talk about the ins and outs of that deal, along with two other award winners in the Franchise Times Dealmakers project, at the Franchise Finance & Growth Conference, May 7-9 at the Mirage Hotel in Las Vegas. The conference features lenders, private equity investors, dealmakers, multi-unit operators and more than 45 C-level executives of franchise brands, discussing their growth plans and financial performance.
Andy Wiederhorn, CEO of FAT Brands and winner of the Franchise Times Deal of the Year, will also speak on the panel, describing how he overcame dark days in his past to return to the public markets with a so-called mini-IPO, the first of its kind in the franchise space. “Most people shouldn’t be entrepreneurs. Why put yourself through it?” he told Franchise Times. “Having the tenacity to dig through it—the alternative is not attractive.”
Raj Patel, the son half of the father-son duo who own The Hari Group in Chicago, will describe how they took the lead for seven different buyer groups that bought 67 Dunkin’ Donuts owned by a single franchisee, the largest such deal in Dunkin’ history. At the end of the day, everyone wanted the deal done, so there wasn’t a lot of bickering,” Patel said.