Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
12.10.21
A team of Pillsbury lawyers led by Corporate partner Nicole Islinger represented ACON Investments, L.L.C. and its affiliates in the completion of the sale of its equity interests in RMH Franchise Holdings, Inc. to Apple Sun, LLC, an affiliate of Sun Holdings, Inc. The financial terms of the transaction were not disclosed.
RMH is the second-largest Applebee’s franchisee with 131 restaurants across 14 states. Founded by Guillermo Perales in 1997 and based in Dallas, Sun Holdings’ portfolio contains the third-largest number of franchisees in the U.S. and supports companies that operate multiple brands and concepts. Supporting more than 1,000 locations across 12 states, Sun Holdings has helped create more than 22,000 jobs, across a number of quick service, fast-casual and casual dining brands.
ACON Investments, L.L.C. is a Washington, DC-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the U.S., Europe and Latin America. Founded in 1996, ACON has responsibility for managing approximately $6.1 billion of capital. ACON has professionals in Washington, DC, Los Angeles, Mexico City, Madrid, São Paulo and Bogotá.
In addition to Islinger, the Pillsbury team included Corporate associates Lewis McCorkle, Anthony Krueger and Pranav Gangele, Tax partner Nora Burke, Executive Compensation & Benefits partner Keith Ranta and associate Dan O’Neil, Real Estate associate Natalie Starkman, Restaurant, Food & Beverage partner Carrie Bonnington and associate Ashley Cowgill, and Employment special counsel Andrea Milano.