Polsinelli Represents Thompson Street Capital Partners in Sale of Freddy’s and Isto

Polsinelli recently represented Thompson Street Capital Partners (TSCP) in two significant transactions.

The firm advised TSCP on the sale of Freddy’s Frozen Custard & Steakburgers, a fast-casual restaurant franchise with more than 550 locations across the U.S. and Canada, to Rhône, a global private equity firm. Polsinelli also advised TSCP on the sale of a majority stake in Isto Biologics, a regenerative medtech company developing and manufacturing innovative orthobiologic solutions, to Keensight Capital.

These transactions further showcase Polsinelli’s track record advising TSCP and other private equity clients across diverse industries. More information on the Freddy’s transaction can be found here and additional details on the Isto transaction can be found here.

Business Department Co-Chair Jane E. Arnold led the Polsinelli team in these transactions.

The Freddy’s transaction team included Tax Chair William J. Sanders, Trademark, Copyright & Branding Vice Chair Matthew J. Smith and Shareholders Ashley R. Gleckler, David C. Reintjes and Elizabeth H. Bray, with support from Associates Hanna M. Metzler, Andrew H. Cowden, Matthew Rubino, Jessica Lee, Kelsey L. Brandes and Marcus A. Tom.

The Isto Biologics transaction team included Health Care Alignment & Organization Chair Margaret H. Hillman and Shareholders Raymond J. Jacobi, Ashley R. Gleckler and Mary Buckley Tobin, with support from Associates Jerome L. Thomeczek, Andrew H. Cowden, Marcus A. Tom and Alexandra Green.