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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*
(Amendment No. 2)*

DINEEQUITY, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
254423106
(CUSIP Number)
September 3, 2008
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications:
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
 
 


 

                     
CUSIP No.
 
254423106 
 

 

           
1.   NAMES OF REPORTING PERSONS.

MSD Capital, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,512,356
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    2,512,356
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,512,356
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  14.4%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN


 

                     
CUSIP No.
 
254423106 
 

 

           
1.   NAMES OF REPORTING PERSONS.

MSD SBI, L.P.
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   o
  (b)   þ
     
3.   SEC USE ONLY
   
   
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5.   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6.   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,512,356
       
EACH 7.   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8.   SHARED DISPOSITIVE POWER
     
    2,512,356
     
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,512,356
     
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  14.4%
     
12.   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN


 

Item 1.
  (a)   Name of Issuer
 
      DINEEQUITY, INC.
 
  (b)   Address of Issuer’s Principal Executive Offices
 
      450 North Brand Boulevard, Glendale, California 91203-1903
 
Item 2.
  (a)   Name of Person Filing
               This statement is jointly filed by and on behalf of each of MSD Capital, L.P. (“MSD Capital”) and MSD SBI, L.P. (“SBI”). SBI is the record and direct beneficial owner of the securities covered by this statement. MSD Capital is the general partner of SBI and may be deemed to indirectly beneficially own securities owned by SBI. MSD Capital Management LLC is the general partner of MSD Capital. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
  (b)   Address of Principal Business Office or, if none, Residence
               The address of the principal business office of each reporting person is 645 Fifth Avenue, 21st Floor, New York, New York 10022.
  (c)   Citizenship
 
      See Item 4 on the cover page(s) hereto.
 
  (d)   Title of Class of Securities
 
      Common Stock
 
  (e)   CUSIP Number
 
      254423106
 
Item 3.   If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is:
  (a)   o   A Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
 
  (b)   o   A Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
 
  (c)   o   An insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
 
  (d)   o   An investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
  (e)   o   An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 


 

  (f)   o   An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F);
 
  (g)   o   A parent holding company or control person in accordance with §240.13d- 1(b)(1)(ii)(G);
 
  (h)   o   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
  (i)   o   A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
  (j)   o   A group, in accordance with §240.13d-1(b)(1)(ii)(J).
 
Item 4.   Ownership.
  (a)   Amount beneficially owned:
 
      See Item 9 on the cover page(s) hereto.
 
  (b)   Percent of class:
 
      See Item 11 on the cover page(s) hereto.
 
  (c)   Number of shares as to which such person has:
  (i)   Sole power to vote or to direct the vote:
 
      See Item 5 on the cover page(s) hereto.
 
  (ii)   Shared power to vote or to direct the vote:
 
      See Item 6 on the cover page(s) hereto.
 
  (iii)   Sole power to dispose or to direct the disposition of:
 
      See Item 7 on the cover page(s) hereto.
 
  (iv)   Shared power to dispose or to direct the disposition of:
 
      See Item 8 on the cover page(s) hereto.
 
Item 5.   Ownership of 5% or Less of a Class.
                If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
 

 


 

Item 6.   Ownership of More than 5 Percent on Behalf of Another Person
          Not Applicable
          
 
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
          Not Applicable
          
 
Item 8.   Identification and Classification of Members of the Group
          Not Applicable
          
 
Item 9.   Notice of Dissolution of Group
          Not Applicable
          
 
Item 10.   Certifications
     (a) Not Applicable
     (b) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
     
 

 


 

SIGNATURE
          After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
          Date: September 5, 2008 
MSD CAPITAL, L.P.
 
 
  By:   MSD Capital Management LLC    
  Its:  General Partner   
     
  By:   /s/ Marc R. Lisker    
    Name:   Marc R. Lisker   
    Title:   Manager and General Counsel   
 
  MSD SBI, L.P.
 
 
  By:   MSD Capital, L.P.    
  Its:  General Partner   
       
  By:   MSD Capital Management LLC    
  Its:  General Partner   
       
  By:   /s/ Marc R. Lisker    
    Name:   Marc R. Lisker   
    Title:   Manager and General Counsel   

 


 

EXHIBIT INDEX
     
Exhibit   Description of Exhibit
 
   
99.1
  Joint Filing Agreement (furnished herewith)

 

exv99w1
EXHIBIT 99.1
JOINT FILING AGREEMENT
          Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.
          IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date first written above.
         
          Date: September 5, 2008   MSD CAPITAL, L.P.

By: MSD Capital Management LLC
Its: General Partner
 
 
  By:   /s/ Marc R. Lisker    
    Name:   Marc R. Lisker   
    Title:   Manager and General Counsel   
 
  MSD SBI, L.P.

By: MSD Capital, L.P.
Its: General Partner

By: MSD Capital Management LLC
Its: General Partner
 
 
  By:   /s/ Marc R. Lisker    
    Name:   Marc R. Lisker   
    Title:   Manager and General Counsel