M&A Deal Summary

Centre Partners Management and Kayne Anderson Capital Advisors Acquire Captain D s

On October 15, 2013, private equity firm Centre Partners Management and asset manager Kayne Anderson Capital Advisors acquired restaurant Captain D s from Sun Capital Partners

Acquisition Highlights
  • This is Centre Partners Management’s 3rd and Kayne Anderson Capital Advisors’ 1st transaction in the Restaurants sector.
  • This is Centre Partners Management’s 34th and Kayne Anderson Capital Advisors’ 95th transaction in the United States.
  • This is Centre Partners Management’s 2nd and Kayne Anderson Capital Advisors’ 1st transaction in Tennessee.
Investment Fate
  • Captain D s was sold to a consortium of financial buyers in 2017.
  • Captain D s was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2013-10-15
Target Captain D s
Sector Restaurants
Buyer(s) Centre Partners Management
Kayne Anderson Capital Advisors
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Captain D s

Nashville, Tennessee, United States
Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee.

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Buyer(S) 2

Buyer

Centre Partners Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $10 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.

DEAL STATS #
Overall 36 of 54
Sector (Restaurants) 3 of 4
Type (Secondary Buyout) 2 of 4
State (Tennessee) 2 of 4
Country (United States) 34 of 52
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Monte Nido

Miami, Florida, United States

Monte Nido is a provider of treatment for eating disorders and exercise addiction to adults and adolescents. Monte Nido Holdings is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Gathr Outdoors

Brentwood, Tennessee, United States

Gathr Outdoors is a global designer and manufacturer of outdoor products and sporting goods. Gathr Outdoors was founded in 2014 and is based in Brentwood, Tennessee.

Buy -
Buyer

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1984
PE ASSETS 8.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.

DEAL STATS #
Overall 104 of 171
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 2 of 6
State (Tennessee) 1 of 3
Country (United States) 95 of 154
Year (2013) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 Outrigger Energy

Denver, Colorado, United States

Outrigger Energy is a private, full service midstream energy company specializing in grass roots project development as well as strategic asset acquisitions. Outrigger Energy currently focused in liquid-rich natural gas and crude oil basins in the Rockies, West Texas, and Mid-Continent areas. Outrigger Energy is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Rage Frameworks

Westwood, Massachusetts, United States

Rage Frameworks, Inc. is a provider of enterprise mission critical Business Process Automation and Big Data solutions and products as a managed service, based on pioneering and patented technology.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 50 of 125
Sector (Restaurants) 6 of 13
Type (Secondary Buyout) 10 of 30
State (Tennessee) 2 of 2
Country (United States) 36 of 87
Year (2013) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-13 Gem Shopping

Duluth, Georgia, United States

Gem Shopping is a 24-hour live TV network, specializing in the sale of unique colored gemstones and jewelry. Gem Shopping connects with its loyal and growing customer base through an engaging, interactive TV network that is broadcast via satellite, cable and over the internet. Gem Shopping was founded in 1995 and is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-17 Gerber Childrenswear

Greenville, South Carolina, United States

Gerber Childrenswear is a leading marketer of children's apparel and related products, which it offers under its flagship licensed brand, Gerber, and the Onesies brand one-piece underwear distributing to the mass and national chains in addition to the Jockey for kids and Lamaze brands with distribution in the national, department and specialty store channels.

Sell -
Mergr

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