Hooters Inc. to Acquire 100 Restaurants from Bankrupt Hooters of America
Deal News | Jun 18, 2025 | Morrison Foerster
Morrison Foerster is aiding Hooters Inc. and Hoot Owl Restaurants, L.L.C. in their strategic acquisition of over 100 restaurants from Hooters of America LLC, which recently filed for Chapter 11 bankruptcy protection. This acquisition, which is being overseen by the U.S. Bankruptcy Court, is contingent on a court-issued sale order and the fulfillment of certain conditions prior to closing. The Morrison Foerster team is comprised of experienced partners and associates from New York, Denver, and San Francisco, who specialize in bankruptcy and corporate law.
Sectors
- Casual Dining and Restaurants
- Legal Services
- Bankruptcy and Restructuring
Geography
- United States – The Chapter 11 bankruptcy proceedings and acquisition are taking place within the United States legal jurisdiction.
Industry
- Casual Dining and Restaurants – The article involves the acquisition of restaurant locations, placing it within the casual dining and restaurant industry.
- Legal Services – The involvement of Morrison Foerster as legal advisors highlights the relevance of the legal services industry.
- Bankruptcy and Restructuring – The transaction is occurring within the context of Chapter 11 bankruptcy proceedings, relevant to the bankruptcy and restructuring sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hooters Inc. | Acquirer | Company | Hooters Inc. is involved in acquiring over 100 restaurants as part of the transaction. |
| Hoot Owl Restaurants, L.L.C. | Acquirer | Company | Hoot Owl Restaurants, L.L.C. is jointly acquiring restaurants alongside Hooters Inc. |
| Hooters of America LLC | Target Company | Company | Hooters of America LLC is the target in the sale of over 100 restaurant locations. |
| Morrison Foerster | Legal Advisor | Company | Morrison Foerster is providing legal counsel for the acquisition process. |
| Benjamin Butterfield | Bankruptcy Partner | Person | New York-based partner leading the bankruptcy aspect of the acquisition deal. |
| Chuck Cotter | Corporate Partner | Person | Denver-based partner overseeing corporate legal matters in the acquisition. |
| Joseph Sulzbach | M&A Partner | Person | New York-based partner focusing on mergers and acquisitions. |
| Ilayna Guevrekian | Bankruptcy Associate | Person | New York-based associate working on bankruptcy proceedings in the deal. |
| Vonnie Nam | Corporate Associate | Person | New York-based corporate associate contributing to the acquisition. |
| Sahana Ragunathan | Corporate Associate | Person | New York-based corporate associate assisting with the legal proceedings. |
| Ryan Gopar Ramirez | Corporate Associate | Person | San Francisco-based associate aiding in corporate legal matters. |