Freeborn & Peters LLP recently represented Jimmy John's Gourmet Sandwich Shops (Jimmy John's) in the closing of a minority investment in the company by Weston Presidio, a leading private equity firm known for investments in high-growth businesses. Jimmy John's is one of the fastest growing restaurant chains in the country, having expanded over the last twenty years to more than 475 corporate and franchised locations in 34 states. Jimmy John's specializes in consistent high speed sandwich delivery, the only fast casual brand in the restaurant niche, and has been perfecting fresh sandwich delivery for over 20 years.
Along with closing the minority investment, Freeborn & Peters also assisted in a restructuring of Jimmy John's, negotiation of a new credit facility with Wells Fargo Bank, and establishment of a new equity incentive plan. James J. Liautaud, founder and majority-owner, stated, "The Freeborn & Peters team was great, leading us through the complexities of our first major corporate transaction with an institutional investor. We appreciated their perspective and knowledge, as they anticipated issues and guided us through the process."
