Denny’s Sold for $620 Million as Private Buyers Bet on Turnaround
Denny’s Corp. is set to leave public markets after a consortium of private-equity and franchise investors agreed to acquire the 71-year-old diner chain for $620 million. The transaction, announced this week, will place the brand under the control of TriArtisan Capital Advisors, Treville Capital and Yadav Enterprises, one of Denny’s largest franchisees. The new owners intend […]