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Roark Makes Strategic Investment in The Cheesecake Factory
- Client News
- April 20, 2020
Paul, Weiss advised affiliates of Roark Capital in a $200 million convertible preferred investment in The Cheesecake Factory Incorporated. In connection with this investment, the board of directors of The Cheesecake Factory will be expanded from eight to nine members and Roark President Paul Ginsberg will join as an independent member. The Cheesecake Factory owns and operates 294 restaurants throughout the U.S. and Canada under The Cheesecake Factory® and North Italia® brands and operates a collection within the Fox Restaurant Concepts subsidiary.
The Paul, Weiss team included, among others, corporate partners Jeffrey Marell, Sarah Stasny and Amran Hussein and counsel Daniel Layfield and Philip Heimowitz; tax partner Scott Sontag; employee benefits partner Lawrence Witdorchic; and antitrust counsel Marta Kelly.