Investment Summary

Exits Main Street Restaurant Group

On June 30, 2006, invested in restaurant Main Street Restaurant Group from CIC Partners

Investment Highlights
  • This is transaction in the Restaurants sector.
  • This is transaction in the United States.
  • This is transaction in Arizona.

Investment Summary

Date 2006-06-30
Target Main Street Restaurant Group
Sector Restaurants
Sellers(s) CIC Partners
Deal Type Trade Sale

Target

Main Street Restaurant Group

Phoenix, Arizona, United States
Main Street Restaurant Group, Inc. is the largest franchisee of T.G.I. Friday's restaurants, the owner and operator of the Bamboo Club - Asian Bistro, the Redfish Seafood Grill and Bar and Alice Cooper'stown restaurant concepts. Main Street operates locations primarily in Southern California, Arizona, and Nevada.

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Seller(S) 1

SELLER

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 11 of 30
Sector (Restaurants) 3 of 6
Type (Trade Sale) 3 of 4
State (Arizona) 1 of 1
Country (United States) 11 of 29
Year (2006) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Triumph Pacific Oil and Gas

Vancouver, British Columbia, Canada

Triumph Pacific Oil and Gas Company is engaged in the acquisition, development and production of natural gas reserves from conventional and unconventional reservoirs in the Western Canadian Sedimentary Basin. Triumph Pacific, based in Vancouver, British Columbia, amassed drilling rights to approximately 44,000 largely unexplored gross acres in Northeastern British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Buffet Partners

Plano, Texas, United States

Buffet Partners operates a 55-unit chain of family-style cafeteria and buffet restaurants across six states in the Southwestern United States.

Sell -