Dave's Hot Chicken Sizzles in Sale to Roark Capital
Deal News | Jun 04, 2025 | Olshan Frome Wolosky LLP
Olshan Frome Wolosky LLP has successfully represented Dave's Hot Chicken, a global restaurant sensation, in securing an investment from Roark Capital Management LLC, a leading private equity firm. This transaction underscores Roark Capital's strategic focus on expanding its portfolio in the fast-casual dining sector. The legal team from Olshan, led by Mitchell Raab, included corporate partner Claudia Dubn, corporate associates Joshua Park and Rahmel Lee Robinson, as well as tax partner Kuang-Chu (K.C.) Chiang, played a pivotal role in navigating the complexities of the deal. The transaction received coverage from several prominent business and financial news outlets.
Sectors
- Private Equity
- Restaurant
- Legal Services
Geography
- United States – The deal involves U.S.-based entities, with Dave's Hot Chicken and Roark Capital Management operating within the United States. Furthermore, Olshan Frome Wolosky LLP is a U.S.-based law firm.
Industry
- Private Equity – The acquisition of Dave's Hot Chicken by Roark Capital Management exemplifies activities within the private equity sector, focusing on strategic investments in high-growth potential companies.
- Restaurant – Dave's Hot Chicken is part of the restaurant industry, which is experiencing significant investment and acquisition interest from private equity firms aiming to capitalize on current market trends.
- Legal Services – Olshan Frome Wolosky LLP's representation of Dave's Hot Chicken in the deal highlights the role of legal advisors in complex investment transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dave's Hot Chicken | Target Company | Company | A rapidly growing restaurant chain known for its spicy chicken offerings. |
| Roark Capital Management LLC | Buyer | Company | A private equity firm known for investments in the consumer and dining sectors. |
| Olshan Frome Wolosky LLP | Legal Advisor | Company | A New York-based law firm specializing in corporate and securities law, representing Dave's Hot Chicken in the transaction. |
| Mitchell Raab | Lead Legal Adviser | Person | Chair of Olshan's Corporate/Securities Law Practice Group, led the deal team. |
| Claudia Dubn | Corporate Partner | Person | Corporate partner at Olshan Frome Wolosky LLP, contributed to the transaction. |
| Joshua Park | Corporate Associate | Person | Corporate associate at Olshan Frome Wolosky LLP, involved in the deal. |
| Rahmel Lee Robinson | Corporate Associate | Person | Corporate associate at Olshan Frome Wolosky LLP, contributed to the transaction. |
| Kuang-Chu (K.C.) Chiang | Tax Partner | Person | Tax partner at Olshan Frome Wolosky LLP, involved in the deal. |