Little Caesars is the biggest of the manufacturers Scorching Platter operates. | Photograph: Shutterstock
The enormous multi-brand franchisee Scorching Platter has been acquired by private-equity agency Bain Capital in a $1 billion deal, in accordance with a Bloomberg report on Thursday.
The Salt Lake Metropolis-based group notified bondholders on Wednesday, in accordance with sources that weren’t recognized within the report. Scorching Platter and Bain Capital didn’t instantly reply to requests for extra data.
Scorching Platter is the operator of greater than 750 eating places throughout eight manufacturers, together with Little Caesars, Jamba, Wingstop, Dunkin’, Jersey Mike’s, Cinnabon, Purple Robin and Sizzler. Little Caesars is the biggest of the manufacturers the group operates, with about 450 items within the U.S. and Mexico.
The group was owned by CapitalSpring, which has been working with funding bankers at UBS and Deutsche Financial institution on a sale course of for a number of months. The Bloomberg report stated Jefferies Group Inc. and UBS Group AG have been offering financing for the transaction.
Bain Capital has an extended historical past within the restaurant world. The agency purchased Fogo De Chao in 2023, and has had holdings in Bloomin’ Manufacturers, Dunkin’ and Domino’s.
Earlier this 12 months, Bain agreed to accumulate the Japanese grocery store and specialty retailer enterprise Seven & i for about $5.5 billion. The Japanese firm can also be a Denny’s franchisee within the area.
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