Del Taco Holdings Inc. has closed a planned recapitalisation in advance of its acquisition by Levy Acquisition Corp. The company's recapitalisation represents the completion of the first step of a two-step process in the merger of a subsidiary of LAC with and into Del Taco, which is expected to be completed in June 2015. In anticipation of that merger, LAC announced that Patrick Walsh and Eileen A. Aptman would be joining its board of directors upon closure of the merger.

Walsh has a history of involvement in investments in publicly traded restaurants including Red Robin Gourmet Burgers Inc. and Denny's Corp. He currently serves as a director of Famous Dave's of America Inc. and BJ's Restaurants Inc. Aptman is the chief investment officer of Belfer Management, LLC and has served as a director and audit committee member of public and private companies.