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Investment Summary

Berkshire Partners Invests In Portillo’s

On July 1, 2014, private equity firm Berkshire Partners invested in restaurant Portillo’s

Investment Highlights
  • This is Berkshire Partners’ 1st transaction in the Restaurants sector.
  • This is Berkshire Partners’ 55th transaction in the United States.
  • This is Berkshire Partners’ 3rd transaction in Illinois.
Investment Fate
  • Portillo’s went public in 2021.

Investment Summary
Date 2014-07-01
Target Portillo’s
Sector Restaurants
Investor(s) Berkshire Partners
Deal Type Growth Capital
Advisor(s) Piper Sandler & Co. (Financial)
Kirkland & Ellis (Legal)

Target

Portillo’s

Oak Brook, Illinois, United States
Portillo’s is a restaurant company operating restaurants in the Chicago area as well as locations in Arizona and California. The first Portillo’s location, known as “The Dog House,” was opened by Dick Portillo. Portillo’s was founded in 1963 and is based in Oak Brook, Illinois.

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Investor(S) 1

Investor

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 62 of 104
Sector (Restaurants) 1 of 1
Type (Growth Capital) 10 of 24
State (Illinois) 3 of 6
Country (United States) 55 of 92
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Skillsoft

Nashua, New Hampshire, United States

Skillsoft provides cloud-based learning solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. Skillsoft's customer support teams draw on a wealth of in-house experience and a comprehensive learning e-library to develop off-the-shelf and custom learning programs tailored to cost-effectively meet customer needs. Skillsoft was formed in 1998 and is based in Nashua, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Grocery Outlet

Emeryville, California, United States

Grocery Outlet is a value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 350 stores in California, Washington, Oregon, Pennsylvania, Idaho and Nevada. Grocery Outlet stores carry an ever-changing assortment of “WOW!” deals, complemented by everyday staple products. Grocery Outlet was founded in 1946 and is based in Emeryville, California.

Sell -
Mergr

Product

Company

Legal