Denny's, the iconic American breakfast chain, is set to go private in a $620 million deal. The acquisition, announced on Monday (November 3), involves TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises. The all-cash transaction values Denny's at a 52.1% premium over its closing stock price on the same day.

TriArtisan Capital Advisors, a New York-based private equity firm, brings extensive experience in the restaurant industry, having previously invested in brands like P.F. Chang's. Yadav Enterprises, one of Denny's largest franchisees, recently acquired Del Taco and owns several other restaurant brands. Treville Capital Group is known for providing customized asset management solutions.

Denny's CEO Kelli Valade expressed confidence in the deal , stating

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