Click here for pdf
July 15, 2014 - Locke Lord client Carlson, a global hospitality and travel company, today closed the sale of TGI Fridays® Restaurants to Sentinel Capital Partners and TriArtisan Capital Partners.
Headquartered in Minneapolis, Carlson operates in more than 150 countries and territories, and its brands employ more than 100,000 people. Carlson said the transaction will free up resources that the company can deploy to focus on and accelerate the growth of its hotel and travel businesses at a time when significant opportunities exist in these markets.
According to a report of the transaction in The Wall Street Journal (5/20/2014) the estimated sale value was $800 million, including debt. The casual dining chain, which operates more than 900 restaurants in 60 countries, will continue operating under its existing management team.
The Locke Lord team representing Carlson was led by J. Mitchell Bell and included Kevin Twining, Whit Roberts, Christopher Schrauff, Amy Gremminger White, Geoffrey Polma, Paul Coggins, Kip Mendrygal, Edward Razim and Laura Ferguson.
Locke Lord consistently ranks among American Lawyer’s top 100 U.S. law firms. The Firm’s full range of practice and industry areas serve national and international clients from offices in Atlanta, Austin, Chicago, Dallas, Hong Kong, Houston, London, Los Angeles, New Orleans, New York, Sacramento, San Francisco and Washington, D.C. It has an excellent reputation in complex litigation, regulatory and transactional work, with its 650-plus lawyers building collaborative relationships and