Highlighted transactions

Consumer

 

Checkers Drive-In Restaurants, Inc.

A portfolio company of Sentinel Capital Partners

Piper Jaffray served as lead financial advisor to Checkers Drive-In Restaurant, Inc. and Sentinel Capital Partners on their sale to Oak Hill Capital Partners.

Client Description

Based in Tampa, Florida, Checkers & Rally's Restaurants, Inc., an iconic and innovative drive-thru restaurant chain known for its "Crazy Good Food," exceptional value and people-first attitude, operates and franchises both Checkers® and Rally's® restaurants. With more than 840 restaurants and room to grow, Checkers & Rally's is a proven brand with flexible building formats that is aggressively expanding across the country. In recent years, the brand has been awarded several of the industry's most prestigious awards including: No. 1 Restaurant Franchise in Franchise Business Review's Top 50 Mult-Unit Franchises for 2015, Top 500 by Entrepreneur Magazine, and Best Drive-Thru in America by QSR Magazine.

Counterparty Description

Oak Hill is a private equity firm managing funds with more than $10.0 billion of initial capital commitments since inception from leading entrepreneurs, endowments, foundations, corporations, pension funds and global financial institutions. Over the past 30 years, the professionals at Oak Hill and its predecessors have invested in 82 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: consumer, retail & distribution; industrials; media & communications; and services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value.


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