M&A Deal Summary

Nimes Capital Acquires Pacific Island Restaurants

On January 2, 2013, family office Nimes Capital acquired franchising company Pacific Island Restaurants from Brentwood Associates

Acquisition Highlights
  • This is Nimes Capital’s 1st transaction in the Franchising sector.
  • This is Nimes Capital’s 1st transaction in the United States.
  • This is Nimes Capital’s 1st transaction in Hawaii.

M&A Deal Summary
Date 2013-01-02
Target Pacific Island Restaurants
Sector Franchising
Buyer(s) Nimes Capital
Sellers(s) Brentwood Associates
Deal Type Secondary Buyout

Target

Pacific Island Restaurants

Honolulu, Hawaii, United States
Pacific Island Restaurants is the sole franchisee of Pizza Hut, Taco Bell, A&W and Long John Silver’s restaurants in Hawaii and Guam, and the sole franchisee of Pizza Hut in Saipan.

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Buyer(S) 1

Buyer

Nimes Capital

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

Nimes Capital is the investment arm of Nazarian Enterprises, a family office established by Younes and David Nazarian to diversify and manage the capital of the Nazarian family. Nimes Capital seeks to invest in, support and build targeted portfolios of companies in high-growth asset classes with strong management teams in businesses with high barriers to entry. Nimes Capital is an active investor that looks to assist with the growth and success of its partners. The Firm will consider direct investments in profitable enterprises with $3 to $15 million of EBITDA as well as opportunities in real estate. Nimes Capital is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 2
Sector (Franchising) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Hawaii) 1 of 1
Country (United States) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Togo s Eateries

San Jose, California, United States

Togo's Eateries is the franchisor of Togo’s “West Coast Original” quick service sandwich shops, located in the Western US. Togo's Eateries was founded in 1971 and is headquartered in San Jose, California.

Buy -

Seller(S) 1

SELLER

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $50 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.

DEAL STATS #
Overall 15 of 30
Sector (Franchising) 1 of 2
Type (Secondary Buyout) 4 of 8
State (Hawaii) 1 of 1
Country (United States) 14 of 28
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-06 Soft Surroundings

St. Louis, Missouri, United States

Soft Surroundings is a multi-channel marketer and aspirational lifestyle brand offering unique solutions to women. The company’s product offering consists of soft, unique and easy-to-wear clothing, well-priced luxury bedding, home furnishings, and state-of-the-art beauty and fragrance products. Soft Surroundings was founded in 1999 and headquartered in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-30 Lazy Dog Restaurant & Bar

Costa Mesa, California, United States

Lazy Dog Restaurant & Bar is a West Coast restaurant concept known for its eclectic menu of memorable family favorites reinterpreted with bold new flavors. Lazy Dog Restaurant & Bar is based in Costa Mesa, California.

Buy -
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