FT Dealmakers Entries Paint Intriguing M&A Picture
Last year’s Franchise Times Deal of the Year featured Andy Wiederhorn, CEO of FAT Brands, and the mini-IPO he executed when traditional money-raising routes were closed to him.
Nominations closed this week for the annual Franchise Times Dealmakers project, so we’re knee-deep poring through the deals to select finalists to present to our judges in January. As usual, we’ve got a complex, ambitious and fascinating group of deals, including these:
-The largest restaurant franchisee in the United States and the deal that put him first over the $2 billion sales mark.
-A series of transactions for the former coach and self-made millionaire of “Blind Side” fame, orchestrated over several years by his savvy investment banker.
-The attraction of a strategic investor to buy a leading beauty brand from its founders, put together by the CEO.
-A Papa John’s 31-store deal that had to be renegotiated by attorneys after founder John Schnatter’s media and board woes.
-The formation of a new restaurant holding company and the two take-private deals of publicly held companies that followed.
-The purchase of a senior care franchise by a private equity firm, a search for a new CEO and a subsequent acquisition to position the brand for growth.
There are many more, all of which paint an intriguing annual picture of the last year in franchising mergers and acquisitions, which we will report to you in our April issue and honor at our Franchise Times Finance & Growth Conference in Las Vegas May 6-8. Thank you to all of the nominators and sponsors who help us highlight excellence in franchise deal-making each year, and who give our editorial staff lots of interesting reading to start the new year.