TriArtisan and Paulson & Co. Acquire P.F. Chang's from Centerbridge

TriArtisan‑Led Consortium Acquires Denny's Corporation

January 16, 2026

Restaurants & Hospitality

A consortium led by TriArtisan Capital Advisors, alongside Treville Capital Group and franchisee Yadav Enterprises, completed the all‑cash acquisition of Denny's Corporation on January 16, 2026. Shareholders received $6.25 per share (approximately $620 million enterprise value), Denny's common stock ceased trading on Nasdaq, and the new owners said they will invest in the brands, support franchisees and accelerate growth initiatives.

TriArtisan Capital Invests $10 Million in C3 (Creating Culinary Communities)

August 19, 2021

Restaurants & Hospitality

TriArtisan Capital Advisors invested $10 million in C3 (Creating Culinary Communities), the food-technology platform founded by Sam Nazarian that operates virtual/ghost kitchens and physical food halls. The investment will enable C3 to expand its digital kitchen footprint and integrate its 40+ virtual and physical brands with select TriArtisan restaurant banners to increase kitchen utilization and generate incremental revenue.

Performance Food Group Acquires Cheney Bros. for $2.1B

September 3, 2024

Food & Beverage

Performance Food Group (PFG) has acquired Cheney Bros., Inc., a leading independent broadline foodservice distributor based in Riviera Beach, Florida, for $2.1 billion in cash. The deal adds approximately $3.2 billion of annual revenue, ~3,600 employees and five distribution centers in the U.S. Southeast, and PFG expects about $50 million of annual run-rate synergies primarily from procurement, operations and logistics.

Restaurant Brands International Acquires Remaining Stakes in Burger King China

February 18, 2025

Restaurants & Hospitality

A subsidiary of Restaurant Brands International (RBI) acquired the equity interests in Burger King China from TFI Asia Holdings BV and Pangaea Two Acquisition Holdings XXIII, Ltd (Cartesian) for approximately $158 million in cash, bringing RBI's ownership to nearly 100%. RBI said it will engage advisors to identify a new local operating partner to inject capital and become the controlling shareholder as part of a strategy to support long-term growth in China.

FranchiCzar Acquires Pinot's Palette

February 27, 2023

Restaurants & Hospitality

FranchiCzar has acquired upscale paint-and-sip franchise Pinot's Palette, bringing the combined portfolio to over 100 franchise locations across the United States and Canada. Founders Craig Ceccanti, Charles Willis and Beth Willis have handed the brand to FranchiCzar leadership, with Shauna Garner named brand president and David Graham serving as CEO to drive further growth.

Frontenac Partners with Prime Food Processing & Chan & Chan (CCI Prime)

October 19, 2023

Food & Beverage

Chicago-based private equity firm Frontenac has made a growth investment in Prime Food Processing and Chan & Chan, Inc. (together, CCI Prime), a 30+ year-old manufacturer and importer of Asian-style frozen foods. Founder Albert Chan will retain a significant ownership stake and remain CEO as Frontenac supports expansion of CCI Prime’s Asian cuisine offerings into mainstream retail while continuing to serve the ethnic grocery channel.