New York —
Denny’s, the struggling, 72-year-old diner chain, is selling itself to a group of investors who are taking the business private.
The company announced Monday that it’s sold itself to TriArtisan Capital Advisors, a private equity firm that also owns P.F. Chang’s, and Yadav Enterprises, a major Denny’s franchisee, in a $322 million deal (excluding its substantial debt load).
Denny’s board approved the deal.
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