Dhanani Group Closes on $500 Million Secured Financing
Summary
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.Since entering the restaurant franchise segment in 1994, Dhanani Group has built its company by focusing on underperforming and mismanaged franchises and working to improve the restaurant experience for its patrons. "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. "We were drawn to Dhananis demonstrated record of success investing in and growing multiple franchise concepts through the companys cohesive and long-standing management team. 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 was represented by Akin Gump Strauss Hauer & Feld LLP.Monarch Alternative Capital LP is a global investment firm founded in 2002 with approximately $9.5 billion in assets under management.