Denny's Acquisition, Valuation, Funding & Investors

Meiwei Buyongdeng is a provider of smart food service solutions in China. It delivers B2B SaaS tools and consumer apps addressing restaurant efficiency, management, marketing, costs, and dining experiences. The company connects restaurants with consumers via a nationwide sales network, headquartered in China with operations spanning major cities.

Super Hi International Holding Ltd is an investment holding company and its subsidiaries are principally engaged in restaurant operations, delivery business, and sales of hot pot condiment products and food ingredients located in the overseas market outside Mainland China, Hong Kong, Macau, and Taiwan. Its mission is to become a world-wide integrated restaurant group, build the world's Chinese cuisine brand, and promote Chinese culinary heritage world-wide.

Papa John's is one of the largest players in the global QSR, or quick-service restaurant, pizza market, boasting more than 6,000 restaurants across nearly 50 countries at the end of 2024. The firm operates a predominantly franchised system, owning 9% of its restaurants and generating revenue from franchise royalties, sales of pizza and related products at its company-owned stores, and sales from its commissary supply chain. The firm is the fourth-largest limited-service pizza chain globally and third in the US (Euromonitor International), with a sizable presence in the UK, China, South Korea, and Chile.

Blank Street is a Brooklyn-founded coffee chain started in 2020 by Vinay Menda and Issam Freiha, who began by selling coffee from an electric-powered cart. The company operates small-format stores across the US and UK offering coffee, matcha, snacks, and ice cream at prices below large chains such as Starbucks and Dunkin'. Blank Street has grown to more than 100 locations, using high-tech espresso equipment and mobile ordering to keep store footprints and staffing costs low.

Home Original Chicken is a fast-food chain operating more than 240 restaurants across Anhui province in China. The company specializes in original-style fried chicken dishes, alongside rice bowls, noodles, and beverages tailored to local tastes. Headquartered in Hefei, it focuses on quick-service outlets in urban and suburban locations, emphasizing affordable meals and efficient operations to capture the regional quick-service restaurant market.

Operates franchised KFC and Pizza Hut restaurants in India, Sri Lanka and the Maldives. It is among the largest franchisees of these brands in the region and earns from dine-in, takeaway and delivery sales. Based in Mumbai.

First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.

Fuller Smith & Turner PLC is a family-owned operator of pubs and hotels in the United Kingdom. The company functions through two segments: Managed Pubs and Hotels and Tenanted Inns. Managed Pubs and Hotels, which comprises managed pubs, managed hotels, Bel & The Dragon, and Cotswold Inns & Hotels. Tenanted Inns, comprises pubs operated by third parties under tenancy or lease agreements. Managed Pubs and Hotels segment generates majority of the revenue for the company. All of the Group’s business is within the UK.

DPC Dash Ltd is involved in operating a food and beverage business in china. The company has adapted and built upon the Domino's business model by localizing its key features for China, and its consumers and focused on serving handcrafted, quality pizza at a competitive price, with easy ordering access and efficient delivery, enhanced by technological innovations. The majority of revenue is derived from China.

Cannae Holdings is an American holding company and principal investor headquartered in Las Vegas, Nevada, and listed on the New York Stock Exchange under the ticker CNNE. William P. Foley II is its vice chairman and Ryan Caswell its chief executive. It takes minority and majority stakes in restaurants, technology-enabled services, financial services and, increasingly, sports and entertainment. Its main holdings include about 42% of Black Knight Football Club, which owns AFC Bournemouth, FC Lorient and a majority of Moreirense, and a 50% stake in the activist hedge fund manager JANA Partners. It also owns a restaurant group made up of 88.5% of Ninety Nine Restaurant & Pub and 65.4% of O'Charley's, along with interests in the flavourings maker Watkins (acquired in 2024) and Alight. In 2025 it sold its Dun & Bradstreet stake to Clearlake Capital for total proceeds of US$630 million and bought back US$323 million of its own stock. Its board has since said it will concentrate the portfolio on sports and entertainment, and in June 2026 its Black Knight Rugby subsidiary acquired English rugby club Exeter Chiefs. It earns returns from equity-accounted investments and consolidated operating revenue, and has about 6,600 employees.

Restaurant Brands Asia is the master franchisee of Burger King in India and operates stores in many cities. It also runs the Popeyes brand in India. Customers are walk-in and delivery diners. Headquartered in Mumbai.

EatClub Brands is a Mumbai-headquartered cloud kitchen operator with over 150 locations in India. It offers virtual brands such as MOJO Pizza, BOX8, Itminaan Biryani, Globo Ice Creams, NH1 Bowls, ZAZA 21 Spice Biryani, LeanCrust Pizza, and Mealful Wraps. Delivery covers Mumbai, Bangalore, Pune, Delhi-NCR, and Hyderabad via app and third-party integrations.

Amrest Holdings SE operates restaurants under several brand names, both owned and franchised, in Poland, Spain, the Czech Republic, and several other countries. In the Quick Service category, it operates KFC and Burger King; the Fast Casual Restaurants category is represented by Pizza Hut Delivery and Express, Bacoa and Sushi Shop; the Casual Dining category, is represented by La Tagliatella, Blue Frog, and Pizza Hut Dine-in and the Coffee category is by Starbucks. The company's operating segments include; Central and Eastern Europe which generates key revenue, Western Europe, China, and Others.

Collins Foods is an operator of quick service restaurants, or QSRs. It franchises restaurant brands from US-listed Yum Brands, including KFC in Australia, Germany, and the Netherlands. Revenue and earnings are largely generated in Australia, where Collins is the largest KFC franchisee. Earnings growth is underpinned by its store network expansion, both new restaurants and acquisitions of existing sites. Competitive pricing is key to maintaining share in the QSR market, and the company has generally increased at or below consumer price index growth.