1851

<a href="https://1851franchise.com/papa-john-s-reports-loss-of-13-mill-ion-in-q3-2708380" target="_blank">Marred by uncertainty for the past several months</a>, <a href="https://www.papajohns.com/franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=papa-johns-announces-200-million-deal-with-activist-hedge-fund-2709074" target="_blank" rel="nofollow" target="_blank">Papa John&rsquo;s</a> has struck a deal to kick off a brand turnaround. Activist hedge fund <a href="https://www.starboardvalue.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=papa-johns-announces-200-million-deal-with-activist-hedge-fund-2709074" target="_blank" rel="nofollow" target="_blank">Starboard Value LP</a> is making a $200 million strategic investment in the pizza chain with the option to add another $50 million through March 29, the brand announced Monday.

As part of the move, Starboard CEO Jeffrey Smith is set to take over as chairman of the Papa John&rsquo;s board. Further, Steve Ritchie will remain Papa John&rsquo;s CEO and will join the board.

<a href="https://www.forbes.com/sites/noahkirsch/2019/02/04/after-failing-to-secure-buyout-papa-johns-announces-200-million-investment-from-hedge-fund-starboard-value/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=papa-johns-announces-200-million-deal-with-activist-hedge-fund-2709074#50f1a2c529d4" target="_blank" rel="nofollow" target="_blank">According to an article in Forbes</a>, Starboard is set to receive a new type of convertible stock at a premium equivalent to between 11 percent and 15 percent of outstanding shares.

<a href="https://www.qsrmagazine.com/finance/papa-john-s-gets-new-chairman-200m-deal?utm_source=1851franchise.com&utm_medium=article&utm_campaign=papa-johns-announces-200-million-deal-with-activist-hedge-fund-2709074" target="_blank" rel="nofollow" target="_blank">An article in QSR Magazine noted</a> Starboard is no stranger to brand turnarounds. In 2014, the company took control of casual-dining company Darden&rsquo;s board to affect change in numerous operational capacities, most notably at Olive Garden. Within 18 months, the article noted, Darden&rsquo;s stock rose 47 percent. Smith served as chairman of Darden&rsquo;s board until April 2016.

Papa John's, Papa John's sale, pizza franchise, Starboard Value LP, Darden's

Papa John’s Announces $200 Million Deal With Activist Hedge Fund

1851 Franchise

After months of turbulence that included the brand weighing a possible sale, Papa John’s has secured an investment from turnaround specialist Starboard Value LP.

papa-johns-announces-200-million-deal-with-activist-hedge-fund

Pet Wants

How Pet Wants Offers a Franchise Opportunity That Feeds Both Pets and Passion

how-pet-wants-offers-a-franchise-opportunity-that-feeds-both-pets-and-passion

Keke's Breakfast Cafe

The Simple Secret Behind Keke’s Breakfast Cafe: Design for People, Then Scale

kekes-breakfast-cafe-franchishe-jon-ahrendt-john-ehrhard

Benjamin Franklin Plumbing

Benjamin Franklin Plumbing Franchise - Bob Evenhouse - Grand Rapids, Michigan -  1851 Franchise

Corporate Refugee Turned Punctual Plumber: Why Bob Evenhouse Left Corporate Life To Build a Family-Focused Plumbing Franchise

benjamin-franklin-plumbing-franchise-bob-evenhouse

BooXkeeping

image of booxkeeping franchise graduation present

Why a BooXkeeping Franchise Might Be the Smartest Graduation Gift You Can Give

booxkeeping-franchise-graduation-gift

KidStrong Franchising, LLC

image of kidstrong franchisees NFL player Shaun Wade and his former Team USA Heptathlete wife Jordan

Why This Athlete Couple Chose To Open a KidStrong Franchise

nfl-player-shaun-wade-kidstrong-franchise-georgia

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Franchises, work-life balance, millennials in franchising, millennials work-life balance

The Best Franchises for Millennials Wanting Work-Life Balance

best-franchises-millennials-work-life-balance

Photo of Papa Murphy's Take 'N' Bake Pizza franchisee Lily Wilford

Entrepreneur: This 18-Year-Old Saves Babysitting Money for College — Then Decided to Buy a Business Instead

18-year-old-franchise-owner-lily-wilford

Amazon outage, AWS outage, Amazon AWS logo

The Day the Cloud Stalled: How Amazon's Outage Impacted Franchise Economy

amazon-aws-outage-franchise-impact-travel-dining-failure

Thursday 1851 Franchise Agg - NASAA’s Noncompete Push

NASAA’s Noncompete Push Puts Franchise Growth on Uncertain Ground

franchise-noncompete-nasaa-advisory-reasonableness-standard

How a Steady Economy Could Help Franchisors Plan Their Next Move

how-a-steady-economy-could-help-franchisors-plan-their-next-move

NJCAR v. Ford - New Jersey Supreme Court Limits Standing Under Franchise Practices Act

New Jersey Supreme Court Limits Standing Under Franchise Practices Act

new-jersey-franchise-practices-act-njcar-v-ford

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

A Practical Playbook: Who To Call First When Franchising Your Business

franchising-your-business-who-to-call-first

image of jerome hanway from right at home Las Cruces, New Mexico 1851 franchise franchisee spotlight

Jerome Hanway Is Building His Right at Home Franchise Around His Mission To Serve

right-at-home-franchise-las-cruces-jerome-hanway

image of michael panos and michel panos, owners of mellow mushroom in Atlanta

The Panos Family’s Role in Preserving Mellow Mushroom’s Character — and Expanding in Atlanta

mellow-mushroom-franchise-panos-restaurant-group-metro-atlanta

image of franchise deep dive from 1851 franchise on doody calls franchise authority brands

DoodyCalls Franchise Costs, Fees, Profit and Data for 2025

doodycalls-franchise-deep-dive

graphic image of an 1851 franchisee spotlight brayden and johnny steven of teriyaki madness

Father-and-Daughter Team Bring Teriyaki Madness to Wichita, Kansas, With Big Expansion Plans

johnny-brayden-steven-teriyaki-madness-wichita

Papa John’s Announces $200 Million Deal With Activist Hedge Fund

MORE STORIES LIKE THIS