The Cypress Group is serving as exclusive advisor to TGI Friday's in the refranchising of 139 Company restaurants across the U.S. The third market, consisting of 49 restaurants in the Midwest, has been awarded and sold to JIB Management, Inc. The Midwest market includes store locations in and around Chicago, Minneapolis, Indianapolis, and Detroit.
JIB Management is a multi-brand franchisee, and one of the top 20 largest franchisees in the U.S.
Cypress provided valuation services, identified potential acquirers, structured the deal terms, and advised TGI Friday's throughout the transaction process.