NRD Completes Take-private Buy of Frisch's Restaurants
August 26, 2015
NRD Partners I, a fund managed by NRD Capital, has completed its take-private buyout of Frisch's Restaurants (NYSE: FRS). Each outstanding share of Frisch's stock will be converted into the right to receive $34 per share merger consideration, equating to a total transaction value of $174.5 million. Frisch's operates full-service family-style restaurants under the name Frisch's Big Boy, with locations spread across various regions in Ohio, Kentucky and Indiana.