The largest family restaurant chain in the United States, Denny's, recently announced its sale to TriArtisan Capital Advisors, a private equity firm, after facing various financial difficulties.

According to CEO Kelli Valade, the restaurant had a list of potential buyers and opted for TriArtisan Capital Advisors because they seek to "maximize value" and "It has been determined that it is fair "And in the best interest of shareholders and represents the best path forward for the company," the company said in a statement. The restaurant chain has approximately 72 years of history in the market, offering its diners worldwide 24-hour service. However, during the pandemic, Denny's had to adjust its hours, which led to a drop in sales and the closure of several locations. TriArtisan Capital Advisors, known for owning PF Chang's and Yadav Enterprises, saw its shares rise by 50% after the sale announcement.