FAT Brands Acquires Twin Peaks for $300 Million

FAT Brands Inc. agreed to acquire Twin Peaks, a sports-lodge casual dining chain, from Garnett Station Partners for $300 million. The deal, funded with proceeds from a $250 million securitized debt financing and issuance of Series B preferred stock, expands FAT Brands into the polished casual dining / sports-lodge segment and adds 82 locations (with more in development).