Ropes & Gray served as legal advisor to Golden Gate Capital in its definitive agreement to acquire the Bob Evans Restaurants business from Bob Evans Farms, Inc. for $565 million plus the assumption of certain net working capital liabilities.
Bob Evans Restaurants owns and operates more than 500 family restaurants in 18 states, primarily in the Midwest, mid-Atlantic and Southeast regions of the United States. Golden Gate Capital is a San Francisco-based private equity firm with over $15 billion of capital under management.
The Bob Evans transaction, which was announced Jan. 24, is subject to expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and other customary closing conditions.
The Ropes & Gray team advising Golden Gate Capital was led by private equity attorneys Eric Issadore (San Francisco) and Will Shields (Boston) and included finance partner Michael Lee (Boston) and real estate transactions partners Richard Gordet and Jack Creedon (both of Boston)..
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