Today, Denny’s Corporation announced it has finalized an agreement to be acquired by a group that includes TriArtisan Capital Advisors LLC, a well-known New York-based private equity firm with extensive experience in global restaurant and hospitality assets; Treville Capital Group, a prominent investment firm specializing in alternative assets; and Yadav Enterprises, Inc., the largest franchisee of Denny’s restaurants.
The deal involves an all-cash transaction with an enterprise value of roughly $620 million.
According to the agreement, unanimously approved by the Denny’s Board of Directors, Denny’s stockholders will receive $6.25 in cash for each share of their common stock. This purchase price reflects a 52.1% premium over Denny’s closing stock price on Monday, November 3, 2025, the last trading day before the announcement.
Kelli Valade, CEO of Denny’s Corporation told investors, “After careful consideration of all options and in consultation with external financial and legal advisors, the Board is confident the transaction maximizes value and has determined it is fair to and in the best interests of stockholders and represents the best path forward for the Company.”
“Denny’s has a strong foundation as America’s Diner, and I am proud of the important progress we have made across our Denny’s and Keke’s platforms while navigating a dynamic consumer environment,” Valade continued. “This transaction delivers meaningful value to our stockholders and is a testament to the incredible work of our teams and franchisees, who have helped us innovate and meet our guests where they are. TriArtisan and Yadav Enterprises are experienced stewards of leading restaurant brands, and we are excited to work with them as we continue delighting our guests.”
Rohit Manocha, Co-Founder and Managing Director at TriArtisan stated, “Denny’s is an iconic piece of the American dream, with a renowned brand, a strong franchise base and loyal customers. Our team has significant investment experience in the restaurant industry and our acquisition of Denny’s builds on our success with other full-service restaurant concepts. We look forward to working with Kelli and the rest of the Denny’s team and franchisees to provide resources and support the Company’s long-term strategic growth plans.”
The announcement follows Denny’s announcement of 180 closures over the past two years.
The transaction is expected to close in the first quarter of 2026.
By CEO NA Editorial Staff
