Sizzling Platter Sold to Bain Capital by CapitalSpring
Deal News | Jul 02, 2025 | Proskauer Rose (UK) LLP
On July 2, 2025, international law firm Proskauer announced its advisory role in the sale of Sizzling Platter, a prominent restaurant franchise platform, to Bain Capital. Sizzling Platter, a portfolio company of CapitalSpring and co-investor Yukon Capital Partners, is a major player in the North American fast-casual and quick-service restaurant industry, boasting over 800 locations and more than 13,000 employees. Bain Capital is expected to continue scaling the business, which has grown significantly under CapitalSpring's and Yukon's guidance, doubling its unit count and diversifying its brand portfolio. Proskauer's team, recognized for its deep sector expertise and transactional acumen, played a pivotal role in navigating this complex transaction. CapitalSpring, with significant experience in foodservice investments, praised Proskauer's support and guidance throughout the process.
Sectors
- Private Equity & Venture Capital
- Food & Beverage
- Legal Services
Geography
- United States – Both Sizzling Platter and CapitalSpring are based in the U.S., and the transaction involves key financial and restaurant franchise centers in the country.
- Mexico – Sizzling Platter also operates locations in Mexico, indicating the geographical scope of their business operations.
Industry
- Private Equity & Venture Capital – The article discusses Bain Capital's acquisition, an example of private equity activity involving strategic investments in franchise companies.
- Food & Beverage – Sizzling Platter operates fast-casual and quick-service restaurant brands, a significant portion of the food and beverage industry.
- Legal Services – Proskauer provided legal advisory services in the transaction, highlighting the role of law firms in M&A deals.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sizzling Platter | Target company | Company | A leading franchise platform of fast-casual and quick-service restaurant brands. |
| Bain Capital | Buyer | Company | A multinational private investment firm acquiring Sizzling Platter. |
| CapitalSpring | Seller/Vendor | Company | Private equity and debt investment firm selling Sizzling Platter. |
| Yukon Capital Partners | Co-investor | Company | Co-investor with CapitalSpring in Sizzling Platter. |
| Proskauer Rose LLP | Legal Advisor | Company | International law firm providing legal advisory services for the transaction. |