GE Capital Supports Cave Creek Recap of Denny’s Franchisee
Cave Creek Capital Management announced its investment in QK Holdings, the largest Denny’s franchisee in the U.S. QK operates 84 Denny’s and DelTaco restaurants in AZ, CO, NM, OR, TX and UT generating over $100 million in annual revenues.
Cave Creek said co-investors included Stewart Capital of Stilwell, Kansas and Seacoast Capital, an SBIC based in San Francisco and Boston. The senior lenders in the transaction included lead agent, GE Capital, National Bank of Arizona and Alliance Bank of Arizona.
Doug Koch, president of QK Holdings, said, “We are looking forward to growing even faster with the strategic guidance and additional capital from our new partners. They structured a deal which met our needs perfectly.”