Denny’s Acquisition by TriArtisan Capital Advisors
Restaurant chain Denny’s announced on Nov. 3 it would be acquired by a group comprising TGI Fridays-owner TriArtisan Capital Advisors in a $620 million deal, including debt.
Under the agreement, the group, which also consists of investment firm Treville Capital and restaurant-operator Yadav Enterprises, would offer Denny’s stockholders $6.25 per share in cash for each owned.
The purchase price implies a premium of 52.1% to stock’s last close. Shares of Denny’s, known for its inexpensive breakfast menu, surged after the bell.
The deal marks the latest in a wave of private equity buyouts of restaurant chains in recent years, following acquisitions of brands such as sandwich chain Subway and Dave’s Hot Chicken.
What Does This Mean for Denny’s?
Denny’s deal with the group is expected to close in the first quarter of 2026, following which the company’s common stock would no longer be listed on the Nasdaq.
Denny’s has nine locations in Dallas, three in Fort Worth and about a dozen more across North Texas.
Part of Denny’s new ownership, TriArtisan Capital Advisors, has a tie to D-FW as TGI Fridays is headquartered in Dallas. The private equity firm first purchased TGI Fridays in 2014, alongside Sentinel Capital Partners. It later bought Sentinel’s stake in the company in 2019.
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Conclusion
In conclusion, Denny’s acquisition by TriArtisan Capital Advisors marks a significant change for the restaurant chain. With the deal expected to close in the first quarter of 2026, Denny’s will no longer be listed on the Nasdaq. The acquisition is part of a larger trend of private equity buyouts in the restaurant industry, and it will be interesting to see how this affects Denny’s operations and menu in the future.
Staff writer Anna Butler contributed to this story.
Frequently Asked Questions
Q: What is the acquisition price of Denny’s?
A: The acquisition price is $620 million, including debt.
Q: Who is acquiring Denny’s?
A: Denny’s is being acquired by a group comprising TGI Fridays-owner TriArtisan Capital Advisors, investment firm Treville Capital, and restaurant-operator Yadav Enterprises.
Q: What will happen to Denny’s stock?
A: Denny’s common stock will no longer be listed on the Nasdaq after the deal closes in the first quarter of 2026.
Q: How many locations does Denny’s have in Texas?
A: Denny’s has nine locations in Dallas, three in Fort Worth, and about a dozen more across North Texas.
