Friendly’s Ice Cream Completes Buy of The Johnny Rockets Group

Friendly’s Ice Cream LLC, a portfolio company of Sun Capital Partners, has closed its acquisition of The Johnny Rockets Group. No financial terms were disclosed. Headquartered in Aliso Viejo, Calif., Johnny Rockets is a provider of franchise restaurants in 32 states and 20 countries.

PRESS RELEASE

July 8, 2013
We are pleased to announce that Friendly’s Ice Cream LLC, an affiliate of Sun Capital Partners, Inc. has completed the acquisition of The Johnny Rockets Group, Inc. (“Johnny Rockets”).

Johnny Rockets is an international operator and franchisor of Americana-themed restaurants. Since its inception in 1986, Johnny Rockets has carved out a unique niche in the hospitality industry, providing all-American menu offerings in an exciting, energetic atmosphere. Johnny Rockets restaurants serve great-tasting food including juicy hamburgers, classic sandwiches, and hand-dipped shakes and malts. The business enjoys global recognition, strategic franchise partnerships and strong brand appeal from its loyal customer base.

Headquartered in Aliso Viejo, California, Johnny Rockets has approximately 300 corporate and franchise-owned restaurants in 32 states, 20 countries, and aboard Royal Caribbean cruise ships. The business is well positioned domestically and is continuing its broad international development strategy, which represents a unique and exciting growth opportunity.

About Sun Capital: Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in over 320 companies worldwide since its inception in 1995, with combined sales in excess of $45 billion. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen.