Josh Benn
Head of Americas M&A Advisory and Global Head of Consumer Corporate Finance
New York
Josh BennContact Us
Vijay Sampath
Director
Consumer, Leisure and Retail M&A
New York
Vijay Sampath
On December 22, 2020, Legal Sea Foods, LLC (“Legal Sea Foods” or the “Company”), a closely-held polished casual-dining restaurant chain and seafood brand, was acquired by PPX Hospitality Brands, Inc. (“PPX”), a portfolio company of Danu Partners (“Danu”).
Duff & Phelps served as the exclusive financial advisor to Legal Sea Foods in connection with the transaction.
About Legal Sea Foods
Based in Boston, Massachusetts and founded and operated by the Berkowitz family since 1950, Legal Sea Foods is a closely-held and operated restaurant concept with over 20 locations across the Northeast and Mid-Atlantic U.S. The Company's restaurants offer the freshest and highest quality seafood, an extensive wine list and superior service. Fanatics for freshness, the Company built its own state-of-the-art fish processing plant and food safety laboratory, enabling them to follow the fish from pier to plate. Foley & Lardner LLP served as legal counsel to Legal Sea Foods.
About Danu Partners/PPX Hospitality Brands
Based in Dublin, Ireland, Danu is an investment holding company with investments across a broad range of business sectors, with a strong focus on the hospitality sector. In March 2016, Danu acquired Smith & Wollensky Restaurant Group (“S&W”). S&W operates a network of high-end steakhouses across the United States and select international locations, and is well-known for its hand butchered, dry aged steaks on site. In January 2020, Danu formed PPX Hospitality and acquired Boston-based Strega Group, a collection of Italian chophouses. Troutman Pepper served as legal counsel to Danu/PPX.
Other Areas We Can Help
Corporate Finance
Comprehensive support throughout mergers and acquisitions and other corporate transactions.
Distressed M&A and Special Situations
Financial and operational solutions for distressed and special situations.
Private Capital Markets
Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.
Consumer, Leisure and Retail M&A
Consumer, Leisure and Retail expertise for middle-market M&A transactions.
Transaction Advisory Services
Seamless analytical advisory through the deal continuum, from transaction origination to closing.
Fairness and Solvency Opinions
Independent opinions for boards of directors and special committees.
Related Case Studies
Financial Advisor
Duff & Phelps, A Kroll Business, Advised the Executive and Supervisory Boards of SAP SE on SAP's Financial Services Partnership with Dediq
forms financial services partnership with
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised HEB Swiss Investment on Its Divestment of a Minority Stake in Cicor Group to One Equity Partners
Sale of 29.3% stake in
to
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised Au Bon Pain on Its Sale to Ampex Brands
a subsidiary of
has been acquired by
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised LDC on Its Sale of Magicard Holdings Limited to Brady Corporation
a portfolio company of
has been acquired by
Fairness Opinion
Duff & Phelps Provided a Fairness Opinion to the Board of Directors of Chiasma, Inc. on Its Sale to Amryt Pharma plc
has signed a definitive merger agreement to be acquired by
Sell Side Advisor
Duff & Phelps’ Aerospace Defense and Government Services M&A Practice Advised Birken Manufacturing on Its Sale to Enjet Aero
has been acquired by
