Dine Brands Global Inc., a full-service dining company and franchisor of Applebee’s Grill + Bar and IHOP restaurants, has bought Fuzzy’s Taco Shop from NRD Capital Management for a purchase price of $80 million.
Fuzzy’s Taco Shop was founded in 2003 near the Texas Christian University campus in Fort Worth, Texas. It is a fast-casual restaurant serving Mexican and Baja cuisine. Fuzzy’s Taco Shop boasts 138 franchise- and corporate-owned locations in 18 states.
“This transaction is a textbook example of how NRD identifies and grows brands, which can result in successful outcomes for all stakeholders, including company management, company employees, franchisees and investors of NRD Capital,” says Aziz Hashim, NRD’s managing partner.
Arlington Capital Advisors served as financial advisor to Fuzzy’s Taco Shop, with Cheng Cohen LLC serving as legal advisor to Fuzzy’s Taco Shop and NRD Capital. Centerview Partners LLC served as financial advisor to Dine Brands, with Sidley Austin LLP serving as legal advisor.