Foley Represents FAT Brands in Acquisition of Fazoli’s Restaurant Chain
Foley & Lardner LLP represented FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) in its acquisition of Fazoli’s for $130 million from funds under management by Sentinel Capital Partners. The acquisition of Fazoli’s, an Italian chain known for its freshly prepared pasta, Submarinos® sandwiches, and unlimited signature breadsticks, brings to FAT Brands the largest premium QSR Italian chain in the U.S. and will be funded with cash from the issuance of new notes from the Company’s securitization facilities. The transaction is slated to close by mid-December 2021.
The Foley team was led by Partner Benjamin Rikkers and included Partners Raj Tanden and Holden Brooks, Associate Justin Lauria-Banta, and Senior Counsel Sonia Kothari.