Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Roark to Sell and Convert Its Convertible Preferred Stock in The Cheesecake Factory
- Client News
- June 10, 2021
Practices
Paul, Weiss is advising affiliates of Roark Capital in the sale and conversion of their convertible preferred stock in The Cheesecake Factory Incorporated, a California-based experiential dining company. The Cheesecake Factory that it has entered into an agreement with Roark to repurchase and convert all of the convertible preferred stock held by Roark. The Cheesecake Factory will finance the repurchase of the convertible preferred stock by issuing $300,000,000 aggregate principal amount of convertible senior notes due 2026 and $175,000,000 of common stock in separate public offerings.
Paul, Weiss previously advised Roark in its $200 million convertible preferred stock investment in April 2020.
The Paul, Weiss team includes, among others, corporate partners Jeffrey Marell and Sarah Stasny; and tax partners Scott Sontag and Patrick Karsnitz.