Dhanani Group Closes On $500 Million Secured Financing
06/23/22, 2:44 PM
Location
Money raised
$500 million
Dhanani Group Inc., the second largest quick-service restaurant franchisee group in the United States, with 849 restaurants across 23 states, announced the closing of new financing totaling $500 million. Monarch Alternative Capital LP, a leading private credit firm with approximately $9.5 billion of assets under management, and its partners led the five-year secured bank loan facility to provide Dhanani Group with long term capital to support the financial strength of the existing business and aid in the future growth of the company.
Company Info
Location
sugar land, texas, united states
Additional Info
Monarch and our investors are pleased to partner with the Dhanani Group to provide both capital and operating expertise to help the company continue on its path of successfully improving and growing its asset base.""Monarch provides us with a unique and differentiated value proposition through their prior experience in the restaurant industry and ability to provide a holistic capital solution in an expedited manner," said Amin Dhanani, co-CEO of Dhanani Group Inc. Monarch Alternative Capital LP, a leading private credit firm with approximately $9.5 billion of assets under management, and its partners led the five-year secured bank loan facility to provide Dhanani Group with long term capital to support the financial strength of the existing business and aid in the future growth of the company. "The Dhanani Group was founded on the basis of providing hands-on operating expertise to hundreds of restaurant franchises across the US to capitalize on the positive growth trends in the QSR space. "The Dhanani Group is an exceptionally well-run company with strong franchisor support that is positioned to thrive in various market environments," said Joshua Acheatel, Managing Principal at Monarch Alternative Capital.