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Restaurant Brands International Inc. is Acquiring Firehouse Subs

Restaurant acquisitions remain pepper hot



Acquisition of Firehouse subs
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Restaurant Brands International Inc. to take over Firehouse Restaurant Group Inc. for US$1 billion in an all-cash transaction.

Last week (Nov, 15) the restaurant business made headlines with announcement that Restaurant Brands is acquiring Firehouse.

Restaurant Brands International Inc. (RBI) (NYSE: QSR) and Firehouse Restaurant Group Inc. (Firehouse Subs) have reached an agreement for Restaurant Brands is acquiring Firehouse Subs for US$1 billion in an all-cash transaction.

Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with approximately $34 billion in annual system-wide sales and over 27,000 restaurants in more than 100 countries. RBI owns three of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, and POPEYES®. These independently operated brands have been serving their respective guests, franchisees and communities for over 45 years.

Restaurant Brands International acquiring Firehouse Subs shows the restaurant business remains pepper hot.

Founded in 1994, Firehouse Subs is an American restaurant chain based in Jacksonville, Florida. Firehouse Subs serves a variety of hot gourmet sub sandwiches.

The Esquires
Laura Turano restaurant brands international
Laura Turano

Paul, Weiss represented Restaurant Brands International and the team included corporate partners Laura Turano and Scott Barshay; intellectual property partner Charles Googe; litigation partner Rick Rule and counsel Steven Herzog; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; executive compensation partner Jean McLoughlin and counsel Lisa Krausz Eisenberg; real estate partner Peter Fisch; and antitrust counsel Yuni Sobel.

Latham & Watkins represented Firehouse Subs in the acquisition with a corporate team led by Century City partner David Zaheer with associates Dylan Towns, Grace Garcea, and Nat Bass. Advice was also provided on compensation and benefits matters by Los Angeles partner Larry Seymour with associate Jordan David; on tax matters by Los Angeles partner Pardis Zomorodi with associate Christine Mainguy; on antitrust matters by Washington, D.C. partner Mandy Reeves and Washington, D.C. counsel Peter Todaro; on intellectual property by Los Angeles partner Ghaith Mahmood with associate Nick Goshgarian; on environmental matters by Los Angeles counsel Aron Potash with legal intern Sam Minter; on real estate matters by San Diego partner Stephanie Fontanes with associate Thomas Ficchi; and on insurance matters by Los Angeles partner Drew Levin with associate Harrison White.

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