Great Plains Capital’s Equity Investment in Toppers Pizza

Ropes & Gray advised Great Plains Capital in the transaction.

Great Plains Capital entered into a long-term minority equity investment in Toppers Pizza, a quick-service chain with 70 corporate and franchisee-owned locations primarily in Wisconsin and Minnesota. 

Toppers is making system-wide investments in franchise development, company store development, increased training and technology innovation with plans to open 10 to 12 stores next year, followed by 20 to 30 per year in 2023 and 2024.

Great Plains Capital LLC is a private holding company that makes long-term investments in leading public and private companies. Great Plains Capital is based in Oakbrook Terrace, IL.

The Ropes & Gray team was led by venture capital & emerging companies partner Brad Flint (Picture) and tax partner Aaron Harsh (both of Boston), private equity associate Steven Obiajulu (Chicago) and tax associate Jonathan Rhein (New York).

Involved fees earner: Jonathan Rhein – Osler Hoskin & Harcourt; Bradford Flint – Ropes & Gray; Aaron Harsh – Ropes & Gray; Steven Obiajulu – Ropes & Gray;

Law Firms: Osler Hoskin & Harcourt; Ropes & Gray;

Clients: Great Plains Capital;