Utah, US-based restaurant franchise platform Sizzling Platter has announced a partnership with private investment firm Bain Capital to drive its next chapter of growth.
The investment from Bain Capital North American Private Equity aims to speed up Sizzling Platter's growth in partnership with category-leading restaurant brands.
The transaction's financial details remain undisclosed.
Sizzling Platter, which operates brands such as Little Caesars and Dunkin', will continue under the leadership of CEO Nathan Garn.
Founded in 1963, Sizzling Platter has grown into a significant franchise platform in North America, with 800 locations and a workforce exceeding 13,000.
The company's portfolio also includes well-known fast-casual and quick-service restaurant brands Wingstop and Jamba.
Garn stated: “Bain Capital’s extensive experience investing in growing restaurant businesses makes it the right value-added partner to help expand our platform.”
Bain Capital's Adam Nebesar and Mark Saadine expressed their enthusiasm for the partnership, citing Sizzling Platter's strong brand portfolio and growth potential. They aim to enhance the company's capabilities and foster accelerated growth.
Nebesar stated: “With an exceptional portfolio of category defining brands, deep operational expertise and a proven track record of profitable growth, we believe that Sizzling Platter is uniquely positioned to continue to scale as a global leader in franchising.”
Saadine stated: “We are excited to partner with Nate and the team to build on its strengths and long-term brand partnerships to enhance capabilities and accelerate growth.”
BofA Securities and Kirkland & Ellis advised Bain Capital, while UBS Investment Bank and Proskauer Rose provided counsel to Sizzling Platter and CapitalSpring.
The deal also saw financial advisory services from Deutsche Bank and North Point, with multiple banks offering committed debt financing.
"Sizzling Platter partners Bain Capital to accelerate expansion" was originally created and published by Verdict Food Service, a GlobalData owned brand.
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"The collaboration between Sizzling Platter and Bain Capital marks a strategic move towards accelerating the brand's rapid expansion through targeted investments, expertise sharing from industry leaders like those at
BPC."
