Los Angeles — FBG Bid Co. has completed the acquisition of substantially all assets of certain subsidiaries of FAT Brands Inc. for approximately $595 million. The transaction included 13 restaurant brands spanning more than 1,700 locations worldwide: Round Table Pizza®, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Great American Cookies, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Native Grill & Wings, and Ponderosa and Bonanza Steakhouses, in addition to the Georgia-based manufacturing facility that supports Great American Cookies and Pretzelmaker. The transaction was approved by the United States Bankruptcy Court for the Southern District of Texas following a court-supervised sale process.
Latham & Watkins LLP, GLC Advisors & Co., LLC, and Huron Consulting Group LLC served as advisors to FAT Brands, and White & Case LLP and Houlihan Lokey Capital, Inc. served as advisors to FBG Bid Co.
FAT Brands is a leading global franchising company that strategically develops and grows fast casual, quick-service, and casual dining restaurant concepts around the world. For more information, visit www.fatbrands.com.
SOURCE: FAT Brands