Davis Polk Advises Ruby Tuesday on Its Acquisition by NRD Capital

Davis Polk is advising Ruby Tuesday, Inc. on its approximately $335 million acquisition by NRD Capital. The transaction, which is expected to be completed during the first quarter of 2018, has been unanimously approved by Ruby Tuesday’s Board of Directors and NRD and is subject to shareholder approval and other customary closing conditions.

Ruby Tuesday, Inc. owns and franchises Ruby Tuesday brand restaurants. As of September 5, 2017, there were 599 Ruby Tuesday restaurants in 41 states and 14 foreign countries. NRD Capital invests in brands that offer superior products or services and compelling unit-level economics in order to help them strategically grow through the power of franchising.

The Davis Polk corporate team includes partner Phillip R. Mills and associates Gary Pong and Michael Zhuoran Xu. Counsel Lawrence R. Plotkin and associate Cameron W. Ormsby are providing real estate advice. Associate Tilak Koilvaram is providing intellectual property and technology advice. Associate Chandni Saxena is providing credit advice. Associate Christie Michelle Falco is providing executive compensation advice. Partner John G. Crowley and associate Pedro J. Bermeo are providing capital markets advice. All members of the Davis Polk team are based in the New York office.