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Applebee’s Sells to IHOP in $2.2 Billion Transaction

Client Success


Represented Applebee’s and its subsidiaries in its acquisition by IHOP Co. The restaurateur entered into a $2.2 billion securitization transaction with respect to its U.S. franchise royalties, U.S. company-owned restaurants and U.S. intellectual property rights.


The completed transaction merged the two American restaurant icons into one of the largest full-service restaurant companies in the world. The merger was recognized by Total Securitization as the 2007 ABS Deal of the Year.