Corporate report

Bloomin' Brands completes sale of Roy's restaurants to United Ohana
Bloomin' Brands Inc. of Tampa completed the sale of its interests in the Roy's concept to United Ohana LLC, an affiliate of Sunil Dharod's SSCP Management Inc.

United Ohana now owns and operates the Roy's concept. Dharod, president and CEO of Apple Texas and Apple Houston, is the owner and operator of 69 Applebee's restaurants in Texas.

Lazard acted as the exclusive financial adviser to Bloomin' Brands on the sale of Roy's.