M&A Deal Summary

K2 Restaurants Acquires Keke’s Breakfast Cafe

On July 20, 2022, K2 Restaurants acquired franchising company Keke’s Breakfast Cafe from Denny s for 83M USD

Acquisition Highlights
  • This is K2 Restaurants’ 1st transaction in the Franchising sector.
  • This is K2 Restaurants’ largest (disclosed) transaction.
  • This is K2 Restaurants’ 1st transaction in the United States.
  • This is K2 Restaurants’ 1st transaction in Florida.

M&A Deal Summary
Date 2022-07-20
Target Keke’s Breakfast Cafe
Sector Franchising
Buyer(s) K2 Restaurants
Sellers(s) Denny s
Deal Type Divestiture
Deal Value 83M USD

Target

Keke’s Breakfast Cafe

Orlando, Florida, United States
Keke’s Breakfast Cafe is the franchisor and operator of a full-service A.M. Eatery concept, currently comprised of 52 domestic restaurants, including 44 franchised locations. Keke’s Breakfast Cafe was founded in 2006 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

K2 Restaurants

West Hollywood, California, United States
Category Company
Founded 2018
Sector Business Services
DESCRIPTION

K2 Restaurants specializes in consulting projects and food & beverage management including hotels, independent and licensed restaurants and bars, project revivals, and general operations + marketing support. K2 Restaurants was founded in 2018 and is based in West Hollywood, California.

DEAL STATS #
Overall 1 of 1
Sector (Franchising) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Denny s

Spartanburg, South Carolina, United States
Category Company
Founded 1953
Sector Restaurants
Employees3,500
Revenue 464M USD (2023)
DESCRIPTION

Denny’s is a national franchised chain of family restaurants with nearly 1,700 locations worldwide. Denny’s has built a strong brand with its America’s Diner theme and its Grand Slam and $2-$4-$6-$8 Breakfast, lunch and dinner specials. Denny's was founded in 1953 and is based in Spartanburg, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Franchising) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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