Jack in the Box led by Gibson Dunn to pick up the Mexican food chain

The Jack in the Box store in Broomfield, Colorado. November 18, 2014. REUTERS / Rick Wilking

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  • Jack in the Box turns to recurring advisor Gibson Dunn
  • McDermott guides Del Taco
  • Deal comes after Jack in the Box sold Qdoba in 2018

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(Reuters) – Gibson, Dunn & Crutcher and McDermott Will & Emery have been asked to bet American fast food chain Jack in the Box Inc’s roughly $ 575 million bet on Mexican restaurant operator Del Taco Restaurants Inc .

Following the deal announced Monday, Jack in the Box said it will increase its holdings at more than 2,800 restaurants in 25 states.

San Diego-based Jack in the Box has partnered with a Gibson Dunn corporate team including partners Jonathan Layne and Andrew Friedman for advice on the acquisition, the company said in an email.

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Friedman previously advised Jack in the Box’s on its sale of Qdoba Restaurant Corp to Apollo Global Management LLC in 2018, according to his company profile.

McDermott advises Del Taco, which is based in California.

The company initially worked with a special purpose acquisition company that merged with Del Taco in 2015, according to a press release.

Jack in the Box’s financial advisor for its latest transaction is BofA Securities Inc, and Del Taco’s is Piper Sandler & Co.

The acquisition of Del Taco is expected to be finalized in the first quarter of 2022.

Read more:

Jack in the Box to acquire Del Taco for more than $ 450 million

Jack in the Box to sell Qdoba restaurant unit for $ 305 million in cash

Levy Acquisition to buy fast food chain Del Taco for $ 500 million

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Sierra jackson

Sierra Jackson reports on legal matters in major mergers and acquisitions, including transaction work, litigation and regulatory changes. Contact her at [email protected]


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