M&A Deal Summary

Harvest Partners Private Equity Acquires Encanto Restaurants

On August 28, 2006, private equity firm Harvest Partners Private Equity acquired restaurant Encanto Restaurants from J.H. Whitney Capital Partners

Acquisition Highlights
  • This is Harvest Partners Private Equity’s 1st transaction in the Restaurants sector.
  • This is Harvest Partners Private Equity’s 1st transaction in Puerto Rico.

M&A Deal Summary

Date 2006-08-28
Target Encanto Restaurants
Sector Restaurants
Buyer(s) Harvest Partners Private Equity
Sellers(s) J.H. Whitney Capital Partners
Deal Type Secondary Buyout

Target

Encanto Restaurants

San Juan, Puerto Rico
website
Encanto Restaurants is the sole franchisee in Puerto Rico of the highly successful Yum Brands concepts including KFC, Pizza Hut, Taco Bell, Long John Silver's and A&W All American Food.

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Buyer(S) 1

Buyer

Harvest Partners Private Equity

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 13 of 49
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 5 of 27
Country (Puerto Rico) 1 of 1
Year (2006) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-26 Green Bank

Houston, Texas, United States

Green Bancorp is a bank holding company that operates Green Bank primarily in the Houston and Dallas metropolitan areas. Commercial-focused, Green Bank is a nationally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Communications Supply

Carol Stream, Illinois, United States

Communications Supply Corporation is a value-added, nationwide distributor of cabling, connectivity and ancillary products needed for the construction and maintenance of advanced voice, data and video networks, security, fire, life safety and a multitude of other low voltage infrastructure applications.

Sell $525M

Seller(S) 1

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

website


Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 3 of 27
Sector (Restaurants) 1 of 4
Type (Secondary Buyout) 1 of 14
Country (Puerto Rico) 1 of 1
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 RBC Bearings

Oxford, Connecticut, United States

RBC Bearings provides industrial, aerospace, and defense customers with unique design solutions to complex problems and an unparalleled level of service, quality, and support. RBC Bearings was founded in 1919 and is based in Oxford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-11 Joe s Crab Shack

Houston, Texas, United States

Ignite Restaurant Group, Inc. owns and operates three restaurant businesses, Joe's Crab Shack, Romano's Macaroni Grill and Brick House Tavern+Tap.

Buy -