FRANCHISE HERALD
Tuesday July 16, 2019

updated - July 16, 2019 Tuesday EDT

Wendy's Sells Arby's to Private Equity Group, Keeps 18.5 Pct Stake

Jul 09, 2013 05:07 PM EDT | By Staff Reporter
Tags
Wendy's, burgers, private quity, sale, business, deal
Close

A private equity firm Roark Capital Group will pay $130 million in cash for Wendy's Arby's Group Inc. and assume $190 million in debt, according to a report in Seeking Alpha.

Wendy's also will receive an $80 million tax benefit and keep an 18.5 percent stake in Arby's. The full value of the deal, expected to close in the third quarter, is $430 million.

The company's new corporate name is The Wendy's Company, and the common stock will continue to trade on the New York Stock Exchange under the ticker "WEN."

"The sale of Arby's provides substantial benefits to our stockholders and we are pleased to have worked with Roark Capital on its successful completion," Roland Smith, president and CEO of The Wendy's Company, said in a company press release. "We congratulate Roark on the Arby's acquisition and we are pleased to retain an 18.5 percent common stock interest in the Arby's business. We believe in Arby's turnaround and look forward to being able to benefit from the brand's future successes."

"Our new corporate name and logo signals our commitment to the Wendy's brand following the sale of Arby's. We've incorporated the original Wendy cameo into our new Company logo and we're highlighting a phrase that's been a defining point of difference for Wendy's for more than 40 years - Quality is Our Recipe. We've added the phrase 'Worldwide' to our tagline to emphasize Wendy's global aspirations."

Get the Most Popular Franchiseherald Stories in a Weekly Newsletter
© 2015 Franchise Herald. All rights reserved.

Connect With Franchise News

Email Newsletter

TOP 10 FRANCHISES OF 2019

  • RANK
    FRANCHISE NAME
    STARUP COSTS
  • 1nc
    Hampton Hotels
    $3.7M - 13.52M
  • 2nc
    Subway
    $85.2K - 260.35K
  • 3up
    Jiffy Lube Int'l. Inc.
    $196.5K - 304K
  • 4down
    7-Eleven Inc.
    $30.8K - 1.64M
  • 5up
    Supercuts
    $103.55K - 196.5K
  • 6up
    Anytime Fitness
    $56.3K - 353.9K
  • 7down
    Servpro
    $133.05K - 181.45K
  • 8down
    Denny's Inc.
    $1.18M - 2.4M
  • 9down
    McDonald's
    $1M - 2.16M
  • 10down
    Pizza Hut Inc.
    $295K - 2.15M
Real Time Analytics