Duff & Phelps' Restaurant M&A Practice Advised TooJay’s on a §363 Sale

or to bookmark this page

Click here to bookmark this page

Click here to remove bookmark

Contact Us

On September 9, 2020, TooJay’s Management LLC (“TooJay’s" or the "Company"), a Florida-based deli-style restaurant concept, sold substantially all of its assets to the Company’s senior secured lender, pursuant to Section 363 of the U.S. Bankruptcy Code. TooJay’s filed for Chapter 11 bankruptcy protection in April 2020 as a result of the impact of the coronavirus pandemic.

Duff & Phelps served as the exclusive financial advisor to TooJay’s in connection with the §363 sale transaction.

About TooJay’s 
Founded in 1981 and headquartered in West Palm Beach, Florida, TooJay’s is a regional, neighborhood-favorite deli-style restaurant concept serving authentic recipes and classic, timeless flavors of a traditional New York deli served with genuine hospitality. The Company operates more than 20 locations and serves guests in Palm Beach and Broward counties, the Treasure Coast, the West Coast of Florida, the Orlando area, the Villages, and Polk county. TooJay’s specializes in serving generous portions of homemade comfort foods, sliced-to-order sandwiches, and made-from-scratch soups, salads, and baked goods. Berger Singerman served as legal advisor to TooJay’s.

2020-10-28T00:00:00.0000000 /-/media/assets/images/transactions/2020/toojays.jpg /about-us/transactions/m-and-a/sell-side-advisor-toojays case study {D59CA77E-C551-45A3-BE89-F567210C5A60} {9B44E83A-E993-4902-AAE0-82849CEAD728} {D3AE3EC6-3254-4441-B111-1AF8D558906C} {6B6F3B01-98A6-4BC2-B2CD-CBD127447FB5} {5CE144D0-ADDC-43A3-95E4-3428CA819BF8} {49ED5FA4-1B37-4C7A-8D38-6861240EC2CC} {B35EF5AE-20CE-49EC-807A-1101A09BBAED} {B871D4F9-5FCB-40B9-8710-871A30B710AB} {8B567795-B583-4828-A124-5795766A905E} {1BC813A1-26BB-475E-984B-6DB5EE303E3F}

Other Areas We Can Help

Corporate Finance

Comprehensive support throughout mergers and acquisitions and other corporate finance transactions.

Corporate Finance

Transaction Advisory Services

Enable buyers, sellers and lenders to maximize value throughout the transaction process.

Transaction Advisory Services

Private Capital Markets

Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.

Private Capital Markets

Comprehensive Due Diligence Solution

Comprehensive diligence support primarily in the areas of tax, compliance and regulatory, operations, financial and accounting, investigations and disputes and cyber/IT risk.

Comprehensive Due Diligence Solution

Insights

M&A Advisory

Apparel Quarterly Update – Winter 2021

M&A Advisory
M&A Advisory

Restaurant Quarterly Update – Winter 2021

M&A Advisory
Compliance

Assessing the Value of Compliance Due Diligence in M&A—Insight Into the Challenges and Benefits

Compliance
M&A Advisory

Canadian M&A Insights – Winter 2021

M&A Advisory

News