Investment Summary

Exits Popeyes Louisiana Kitchen

On March 2, 2001, invested in restaurant Popeyes Louisiana Kitchen from Freeman Spogli, Pennington Partners and Red Mountain Capital Partners

Investment Highlights
  • This is transaction in the Restaurants sector.
  • This is transaction in the United States.
  • This is transaction in Georgia.
Investment Fate
  • Popeyes Louisiana Kitchen was sold to a strategic buyer in 2017 for 1.8B USD.

Investment Summary

Date 2001-03-02
Target Popeyes Louisiana Kitchen
Sector Restaurants
Sellers(s) Freeman Spogli
Pennington Partners
Red Mountain Capital Partners
Deal Type IPO

Target

Popeyes Louisiana Kitchen

Atlanta, Georgia, United States
website
Popeyes Louisiana Kitchen, Inc. is a developer, operator and franchiser of quick-service restaurants ("QSRs" or "restaurants") under the trade name, Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits.

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Seller(S) 3

SELLER

Freeman Spogli

Los Angeles, California, United States

website


Category Private Equity Firm
Founded 1983
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.


DEAL STATS #
Overall 4 of 24
Sector (Restaurants) 1 of 2
Type (IPO) 2 of 7
State (Georgia) 1 of 2
Country (United States) 3 of 23
Year (2001) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-26 CBRE

Dallas, Texas, United States

CBRE is a commercial real estate services and investment firm. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CBRE was incorporated in 1906 and is based in Dallas, Texas.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-07 Advance Auto Parts

Raleigh, North Carolina, United States

Advance Auto Parts is an automotive aftermarket retailer of parts, accessories, batteries, and maintenance items, serves both the do-it-yourself and professional installer markets. Advance Auto was formed in 1929 and is based in Raleigh, North Carolina.

Sell -
SELLER

Pennington Partners

Chicago, Illinois, United States

website


Category Private Equity Firm
Founded 1991
PE ASSETS 90M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Pennington Partners & Co. is a private equity investment firm that focuses on middle-market companies located throughout US. The Firm targets companies with profitability of history, sustainable cash flow, attractive growth characteristics and defensible market position. It looks to invests $5 - $10 million and in conjunction with co-investors can invest more. Specific areas of interest include business services, consumer services, financial services, food processing, restaurants, consumer products and manufacturing. It does not seek to invest in real estate and oil and gas. Types of transaction include MBOs, recapitalizations, equity buy-ins and growth capital financing. Pennington Partners & Co. was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 3
Sector (Restaurants) 1 of 1
Type (IPO) 1 of 1
State (Georgia) 2 of 2
Country (United States) 2 of 3
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 MainStreet Healthcare

Austell, Georgia, United States

MainStreet Healthcare Corporation was a manager of physician practices.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-19 SVS Vision Holding

Mount Clemens, Michigan, United States

SVS is an integrated provider of care benefit plans, optical examinations and retail eye-care products and services. The company offers its customers a range of vision care product plans. It operates 52 offices located in the Midwestern and Eastern United States, and manufactures eyeglasses at its centralized optical laboratory in Mt. Clemens, Michigan.

Sell -
DESCRIPTION

Red Mountain Capital Partners is a private investment firm focused on investing in small cap public companies in the consumer and financial services sectors. Red Mountain Capital was formed in 2008 and is based in Los Angeles.


DEAL STATS #
Overall 1 of 4
Sector (Restaurants) 1 of 2
Type (IPO) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 4
Year (2001) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-01 Deckers Brands

Goleta, California, United States

Deckers Brands is a designer, marketer and distributer of innovative footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The Company's portfolio of brands includes UGG, I HEART UGG, Teva, Sanuk, TSUBO, Ahnu, MOZO, and HOKA ONE ONE. Deckers Brands was incorporated in 1973 and is based in Goleta, California.

Buy -