TGI Fridays

TriArtisan Capital and Sentinel Capital's 2014 acquisition saddled the chain with debt. TGI Fridays lost 55% of its U.S. locations and 63% of sales from 2008 to 2023. A $375M securitization unraveled in 2024, stripping the company of its royalty stream. Filed Chapter 11 in November 2024.

FOUNDED: 1965
ACQUIRED: TriArtisan Capital Advisors, 2014, $890 million

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Timeline

1965

TGI Fridays founded

2014

Acquired by TriArtisan Capital Advisors for $890 million

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