Holland & Knight Advises BurgerFi on $156.6 Million Acquisition of Anthony’s Coal Fired Pizza & Wings
MIAMI (November 12, 2021) – Holland & Knight advised BurgerFi International Inc. (Nasdaq: BFI, BFIIW), the owner of one of the nation's fastest-growing premium fast-casual restaurant chains, on its $156.6 million acquisition of Anthony's Coal Fired Pizza & Wings from private equity firm L Catterton.
The Palm Beach, Fla.-based BurgerFi International, Inc. operates 116 BurgerFi restaurants domestically and internationally as of September 30, 2021 through a combination of corporate owned locations and franchises. Anthony's Coal Fired Pizza, headquartered in Fort Lauderdale, Fla., is a leading operator of casual dining pizza restaurants with a very loyal fan base and, like BurgerFi, a high concentration of restaurants in the state of Florida. As a result of the acquisition, BurgerFi International, Inc. has 177 systemwide locations mostly across the Eastern seaboard as of September 30, 2021.
Holland & Knight Partners Enrique Conde, Bradley Houser, Shane Segarra and Norberto Quintana led the firm's representation of BurgerFi along with Associates Allison Lehn, Alyssa Keon and Marcos Alvarez. The team was primarily supported by Partners John Martini, Ryan Meadows, Ariadna Alvarez, Eddie Diaz, Dan Barsky and Bill Sherman and Associates Lauren Becker, Gustavo Rodriquez-Villate and Michael Romeo.
More information about the transaction can be found here.
Holland & Knight's corporate practice is ranked as a national first-tier firm in Leveraged Buyouts and Private Equity Law, Corporate Law and M&A Law in the 2022 U.S. News – Best Lawyers "Best Law Firms" guide. The firm is consistently ranked among the Top 25 law firms in the nation advising on U.S. M&A transactions by deal count in Refinitiv and other league tables. Through the HK Deal Flow® program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.