Investment Summary

Farragut Capital Partners Invests In Tri-Cities Restaurant Group

On November 30, 2015, mezzanine finance firm Farragut Capital Partners invested in restaurant Tri-Cities Restaurant Group

Investment Highlights
  • This is Farragut Capital Partners’ 3rd transaction in the Restaurants sector.
  • This is Farragut Capital Partners’ 60th transaction in the United States.
  • This is Farragut Capital Partners’ 3rd transaction in Tennessee.

Investment Summary
Date 2015-11-30
Target Tri-Cities Restaurant Group
Sector Restaurants
Investor(s) Farragut Capital Partners
Deal Type Growth Capital

Target

Tri-Cities Restaurant Group

Kingsport, Tennessee, United States
Tri-Cities Restaurant Group is a multi-unit Wendy's franchisee operating in northeast Tennessee and southwest Virginia.

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Investor(S) 1

Investor

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 60 of 90
Sector (Restaurants) 3 of 5
Type (Growth Capital) 14 of 25
State (Tennessee) 3 of 3
Country (United States) 60 of 90
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-06 Island Oasis

Walpole, Massachusetts, United States

Island Oasis, Inc. is a manufacturer and distributor of frozen and aseptic beverage products and related equipment which are sold throughout the United States and in many popular resort locations abroad.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 City Tap House

Philadelphia, Pennsylvania, United States

City Tap House is a craft beer and restaurant concept serving high-quality food and a best-in-class beer selection in a casually upscale setting. City Tap House currently operates eight restaurants - two in Philadelphia, two in Washington, D.C., and one each in Boston, Nashville, Atlanta, and Chicago - and will open an additional location in Loudon, Virginia later this year. City Tap House was founded in 2010 and is based in Philadelphia, Pennsylvania.

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