Spartanburg, S.C. — TriArtisan Capital Advisors LLC, Treville Capital Group and Yadav Enterprises, Inc. has successfully completed its previously announced acquisition of Denny’s Corporation, owner and operator of Denny’s Inc. and Keke’s Inc. The transaction closed following approval by Denny’s stockholders as well as satisfaction of all required regulatory and customary closing conditions.
With the support of TriArtisan, Treville and Yadav Enterprises, Denny’s will have enhanced flexibility and resources to invest in its brands, support franchisees and accelerate its growth initiatives.
“Today represents an important milestone for Denny’s and Keke’s as we embark on our next chapter under new ownership,” says Kelli Valade, chief executive officer of Denny’s Corporation. “Our dedication to supporting franchisees and commitment to serving our guests remain the same. We are grateful for the hard work of our employees and franchisees who represent our restaurants with pride every day. With the support of our new owners, we look forward to continuing to serve and delight guests across the nation.”
“Denny’s is an iconic piece of the American dream, with a renowned brand, a strong franchise base and loyal customers,” says Rohit Manocha, co-founder and managing director at TriArtisan. “Our team has significant investment experience in the restaurant industry, and our acquisition of Denny’s builds on our success with other full-service restaurant concepts. We look forward to working with Kelli and the rest of the Denny’s team and franchisees to provide resources and support the company’s long term strategic growth plans.”
In connection with closing, Denny’s stockholders received $6.25 per share in cash for each share of Denny’s common stock they own. Denny’s common stock ceased trading on Nasdaq on Jan. 16, 2026.
Denny’s Corporation is one of America’s largest full-service restaurant chains. The company consists of the Denny’s brand and the Keke’s brand. As of Sept. 24, 2025, the Denny’s brand consisted of 1,459 global restaurants, 1,397 of which were franchised and licensed restaurants and 62 of which were company operated. As of Sept. 24, 2025, the Keke’s brand consisted of 78 restaurants, 55 of which were franchised restaurants and 23 of which were company operated. For more information, visit www.investor.dennys.com.
TriArtisan Capital Advisors is an established, U.S.-based private equity firm. For more information, visit www.triartisan.com.
Founded in 2014, Treville Capital Group LLC is an alternative asset manager that provides financing to high-growth, credit worthy companies. For more information, visit www.treville.com.
Yadav Enterprises Inc. operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s, and owns the following brands: Del Taco, a quick-service Mexican/American themed restaurant consisting of 595 locations; Taco Cabana, a fast-casual, Tex-Mex restaurant brand consisting of 150 locations; and Nick the Greek, a fast-casual, Greek restaurant concept consisting of 90 locations.
SOURCE: Denny’s Corporation