News 28 Jan. 2020

Curtis Represents Dos Toros in its Sale to Chop’t Creative Salad Company

Curtis represented Dos Toros in the sale of the company to Chop’t Creative Salad Company on January 22, 2020. Curtis advised Dos Toros on all legal and commercial aspects of the complex transaction, which included negotiating the transaction documents and restructuring Dos Toros’ capitalization structure prior to closing the transaction.

Following the closing, Chop’t and Dos Toros will become part of a new parent company called Founders Table Restaurant Group, which is backed by private-equity firm L Catterton.

Dos Toros was founded by brothers Leo and Oliver Kremer in 2009, who opened their first restaurant in New York with the mission of bringing the flavors and experiences of traditional San Francisco taqueria to the rest of the country. Dos Toros provides fast-casual Mexican restaurants serving mission style taqueria cuisine to consumers in 21 locations across the New York metropolitan area and in Chicago.

Chop’t was founded in 2001 and now has 66 restaurants in New York, Washington, D.C., Virginia, Maryland, Connecticut, New Jersey, North Carolina, Tennessee and Georgia. The chain focuses on high-quality ingredients with seasonally changing special salads and other bowls.

The Curtis team was led by global Mergers and Acquisitions chair Lawrence Goodman. Attorneys working on the matter included Corporate partners Douglas Glazer and John Nielsen; Corporate associates Anthony Delury, Brendan Klaassen and Kamil Turkmani; Tax co-chair Klas Holm; Tax associate Esther Zuckerman; Employee Benefits and Executive Compensation partner Javier Hernandez; Intellectual Property counsel Eric Stenshoel; Real Estate partner Catherine Baecher; Restructuring counsel Peter Buenger; and Environmental and Energy partner Charles Howland.