Northland Properties Acquires Canadian Rights to Denny's Brand

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.

Choice Hotels International Acquires Remaining Stake in Choice Hotels Canada from InnVest Hotels

August 6, 2025

Restaurants & Hospitality

Choice Hotels International acquired the remaining 50% stake in Choice Hotels Canada from long-time joint venture partner InnVest Hotels for approximately $112 million, completing the transaction in July 2025. The move converts the Canadian business from a master-franchise model to a direct franchising model to accelerate growth across Canada, expand Choice's full 22-brand owner success system, and consolidate operations under Choice Hotels International leadership.

Smart Soda Holdings Acquires 51% of Smart Soda Canada

August 12, 2022

Food & Beverage

Smart Soda Holdings, Inc. acquired a 51% stake in Smart Soda Canada, a former dealer, as part of the company's pre-IPO global expansion. The deal establishes a formal Canadian subsidiary and supports Smart Soda's broader international rollout alongside new UK and planned South American and Middle East operations.

Centre Partners Acquires Captain D's Seafood

May 19, 2022

Restaurants & Hospitality

Centre Partners completed the acquisition of Captain D's Seafood and affiliated entities; financial terms were not disclosed. Yukon Partners and Onex Falcon provided junior/mezzanine financing to support the transaction, and Captain D's management reinvested and will remain in place; the company is headquartered in Nashville, Tennessee and operates over 500 quick-service seafood restaurants across the United States. Sentinel Capital Partners sold the business.

Trendy Group Acquires Majority Stake in Denham the Jeanmaker

January 22, 2022

Retail

Trendy (China) Group Co., Ltd. has acquired the majority equity interest in Denham Group B.V., purchasing the shares held by Amlon Capital B.V. Jason Denham remains a shareholder and will continue as Chief Creative Officer; Trendy Group intends to grow the Denham brand — particularly in China and other international markets.

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.