Seyfarth Represents Durational Capital Management and The Jordan Company in Acquisition of Bojangles

WASHINGTON, D.C. - (November 7, 2018) - Seyfarth Shaw LLP advised Durational Capital Management, L.P. and The Jordan Company, L.P. in the acquisition of Bojangles’, Inc. for $16.10 per share. Under the terms of the agreement, Durational Capital Management and The Jordan Company will acquire the Company in an all cash transaction.

The acquisition, which has been unanimously approved by Bojangles’ Board of Directors, is subject to stockholder approval and other customary closing conditions. Concurrently with the execution of the acquisition agreement, Bojangles’ majority stockholder executed a customary voting agreement whereby it agreed (among other things) to vote its shares in favor of the acquisition. The transaction is expected to be completed in the first quarter of fiscal year 2019. Upon closing of the transaction, Bojangles’ will continue to be operated as an independent, privately-held company and will remain based in Charlotte, N.C.

Bojangles is a highly differentiated and growing restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from Southern recipes. Based in New York, Durational Capital Management LP is an investment firm that invests in high quality consumer companies. The Jordan Company, founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $11 billion since 1987 and a 36-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation & Logistics, Healthcare, Consumer, and Telecom, Technology & Utility.

Acting as lead franchising counsel, the Seyfarth Corporate team was led by partner Andrew J. Sherman and included attorneys Daniel Blumenthal and Justin DiBlassio.