Simpson Thacher represented affiliates managed by Corsair Capital in connection with its acquisition of a majority stake in HungerRush, a leading cloud-based software provider for the restaurant industry. The transaction closed on June 1, 2022.
Founded in 2003, HungerRush has been driving the transition from the Point-of-Sale (POS) terminal of the past to the integrated cloud POS system of the future. HungerRush 360 is an all-in-one cloud POS system with integrated software, payments, and digital ordering capabilities primarily serving multi-site quick service restaurants (QSR) and fast casual operators. HungerRush 360 combines restaurant management, digital ordering, payment processing, customer engagement, and delivery management features with flexible software designed to give operators of all sizes more insight into their customers, control over their operations, and power to profitably grow their business.
The Simpson Thacher team includes Nicholas Marricco, Jeff Levine and Abigail Xu (M&A); Larry Moss and Brian Chung (Executive Compensation and Executive Benefits); Jonathan Goldstein, Andrew Mandelbaum and Eli Shalam (Tax); Lori Lesser, Kate Mirino, Samuel Watters and Benjamin Hart (Intellectual Property); Barrie Covit, Jason Koenig, David Whelan, Jeffrey Larocca and Leor Moaddel (Private Funds); Krista McManus, Dennis Loiacono and Stephanie Kantor (Real Estate); Michael Isby (Environmental); Peter Guryan, Kelly Karapetyan and Jamie Logie (Antitrust); and Steve DeLott (Insurance). Summer associate Kevin Roder provided valuable assistance.