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Smashburger to Sell Minority Stake to Jollibee Foods
- Client News
- October 13, 2015
As reported by The Wall Street Journal and other media outlets, Paul, Weiss client Smashburger Master LLC, a Denver-based leading "fast casual" restaurant brand with 335 corporate and franchised restaurants operating in 35 states and seven countries, announced that it has agreed to sell a 40 percent stake to Jollibee Foods Corp., the Philippines-based fast-food giant, in a transaction valuing the company at $335 million.
The Paul, Weiss team included corporate partners Edward Ackerman and Carl Reisner; tax partner Brad Okun; employee benefits partners Lawrence Witdorchic and Robert Fleder and counsel Erin Murphy; environmental counsel William O'Brien; intellectual property counsel Claudine Meredith-Goujon; and private funds counsel Philip Heimowitz.