Locke Lord partner Karin Torgerson was part of the team that represented Carlson in the sale of TGI Fridays Restaurants to Sentinel Capital Partners and TriArtisan Capital Partners.
According to the firm, the estimated sale value, including debt, was $800 million. TGI Fridays, which operates more than 900 casual dining restaurants in 60 countries, will continue operating under its existing management team.
“This transaction is a win for all parties and we are excited and confident that under Sentinel’s ownership Fridays will continue to experience significant growth and capitalize on new opportunities,” said Carlson president and CEO Trudy Rautio in a statement. “For Carlson, this transaction frees up resources that the company can deploy to focus on and accelerate the growth of its hotel and travel businesses, at a time when significant opportunities exist in these markets.”
Based in Dallas, Torgerson is a trial lawyer practicing in Locke Lord’s litigation section. She currently defends significant personal injury, wrongful death and products liability claims, as well as qui tam and false claims litigation brought by State Attorneys General and others. Her practice includes class action and multi-district litigation matters. She also has experience in investigations, including Sarbanes-Oxley investigations, and gaming license applications.