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Restaurant Brands International to Acquire Carrols Restaurant Group in $1 Billion Deal
- Client News
- January 16, 2024
Paul, Weiss is advising Restaurant Brands International Inc. (RBI) in its all-cash acquisition of all shares of Carrols Restaurant Group not already held by RBI or its affiliates for $9.55 per share, representing a total enterprise value of approximately $1.0 billion. One of the world’s largest quick service restaurant companies, RBI owns the iconic Tim Hortons®, Burger King®, Popeyes® and Firehouse Subs® quick service restaurant brands. Carrols is the largest Burger King® franchisee in the United States. The transaction is expected to be completed in the second quarter of 2024, subject to customary closing conditions and regulatory approvals.
The Paul, Weiss team is led by corporate partners Laura Turano and Scott Barshay and counsel Cristina Amodeo, and includes corporate partners Caith Kushner, Christodoulos Kaoutzanis and John Kennedy, and counsel Patricia Vaz de Almeida; tax partner Robert Killip and counsel Alyssa Wolpin; executive compensation partner Jean McLoughlin and counsel Christopher Gonnella; litigation partners Andre Bouchard and Lewis Clayton, and counsel Steven Herzog; antitrust partner Scott Sher and counsel Marta Kelly; intellectual property partner Claudine Meredith-Goujon; and real estate partner Peter Fisch.