Morgan Lewis Advises Apollo Global Management on $1 Billion Acquisition of CKE Restaurants

• date: 04/26/2010
• news source: Firm

NEW YORK, April 26, 2010: CKE Restaurants, Inc.—the company that, through its subsidiaries, franchisees, and licensees, operates some of the most popular U.S. regional brands in quick-service and fast-casual dining, including the Carl’s Jr.®, Hardee’s®, Green Burrito®, and Red Burrito® restaurant brands—announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Apollo Global Management, a leading global alternative asset manager. The transaction is valued at approximately $1.0 billion, including the refinancing of CKE’s outstanding indebtedness. Morgan Lewis advised Apollo on the acquisition.

The Morgan Lewis team included Business and Finance M&A partners Robert G. Robison, R. Alec Dawson, and Jonathan D. Morris in New York, assisted by associate Benjamin O. Lang; Finance partner Richard S. Petretti, assisted by Kristy M. Wagner; Employee Benefits partner Gary S. Rothstein in New York; Labor and Employment partner Carrie A. Gonell in Irvine; Environmental partner Judith A. Walkoff in New York; Intellectual Property partner James R. Sims in Washington, D.C.; and Real Estate associate Kathleen M. Martin in New York.

For additional details on the transaction, please see CKE’s press release at
http://phx.corporate-ir.net/phoenix.zhtml?c=117249&p=irol-newsArticle&ID=1417686&highlight.

Related Attorneys:
Richard S. Petretti Robert G. Robison Gary S. Rothstein Carrie A. Gonell Judith A. Walkoff James R. Sims III Jonathan D. Morris R. A. Dawson Benjamin O. Lang Kathleen M. Martin