Media Coverage
Source: The Deal, Nation's Restaurant News
Media Coverage
10.13.15
Jollibee Food Corp., a Pillsbury client and the largest restaurant company in the Philippines, announced today it has acquired a $100 million, 40-percent stake in fast-casual burger chain Smashburger. According to The Deal, the transaction values Smashburger at $335 million.
Jollibee said in an announcement that it has been seeking to invest in a high-value United States restaurant brand with growth potential, and Nation’s Restaurant News reports that Smashburger has been courting investors to help fund its growth since at least 2013.
The Pillsbury team was led by Corporate & Securities and Restaurant, Food & Beverage partners Anna Graves, Dana Proud Newman and Bruce McDiarmid. Among others, the team also included partner Mark Jones; senior counsel Chuca Meyer; counsel Nathaniel Smith; senior associate Amber Ward; associates Jeff Jacobi, Karen Chan, Katherine Vorhis, Jennifer Seigle; attorney Amy Pierce; and consultant Jerry Jolly.
Read full coverage of the transaction at The Deal and Nation’s Restaurant News.