Investment Summary

CIC Partners Invests In Main Street Restaurant Group

On May 16, 2005, private equity firm CIC Partners invested in restaurant Main Street Restaurant Group

Investment Highlights
  • This is CIC Partners’ 4th transaction in the Restaurants sector.
  • This is CIC Partners’ 16th transaction in the United States.
  • This is CIC Partners’ 1st transaction in Arizona.
Investment Fate
  • Main Street Restaurant Group was sold to a strategic buyer in 2006.

Investment Summary

Date 2005-05-16
Target Main Street Restaurant Group
Sector Restaurants
Investor(s) CIC Partners
Deal Type PIPE

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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Investor(S) 1

Investor

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 16 of 45
Sector: Restaurants M&A 4 of 7
Type: PIPE M&A Deals 2 of 3
State: Arizona M&A 1 of 1
Country: United States M&A 16 of 44
Year: 2005 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-16 SignStorey

Fairfield, Connecticut, United States

Founded in 2000 and headquartered in Fairfield, CT, SignStorey is a retail television network solution to be deployed at more than 2,000 supermarkets nationwide. Its retailer partners, including Albertsons, Pathmark and Price Chopper, see value in the company's unique approach to creating an enhanced shopping experience that provides a combination of useful information to the consumer and high-impact advertising messages.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 GreenLeaf Auto Recyclers

Arlington, Texas, United States

GreenLeaf Auto Recycling is a supplier of recycled original-equipment automotive parts for all makes of domestic and foreign vehicles.

Sell -