Investment Summary

Saugatuck Capital Company and Brinker International Invest In Waterloo Restaurant Ventures

On December 23, 2002, private equity firm Saugatuck Capital Company and Brinker International invested in restaurant Waterloo Restaurant Ventures

Investment Highlights
  • This is Saugatuck Capital Company’s 1st and Brinker International’s 1st transaction in the Restaurants sector.
  • This is Saugatuck Capital Company’s 5th and Brinker International’s 1st transaction in the United States.
  • This is Saugatuck Capital Company’s 1st and Brinker International’s 1st transaction in Washington.

Investment Summary
Date 2002-12-23
Target Waterloo Restaurant Ventures
Sector Restaurants
Investor(s) Saugatuck Capital Company
Brinker International
Deal Type Growth Capital

Target

Waterloo Restaurant Ventures

Vancouver, Washington, United States
website
Waterloo is the only US franchisee of Romano's Macaroni Grill from Brinker International, a premier Italian casual dining concept. The Company has the exclusive rights to develop the brand in the Pacific Northwest. Waterloo plans to open 18 locations throughout Washington, Oregon and Idaho over the next five years. Romano's Macaroni Grill has a proven record of strong operational performance and widespread consumer acceptance in the casual dining segment as well as a strong support infrastructure from Brinker which has been implemented across a number of concepts.

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Investor(S) 2

Investor

Saugatuck Capital Company

Wilton, Connecticut, United States

Investor Investor

website

Category Private Equity Firm
Founded 1982
PE ASSETS 300M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Saugatuck Capital is a private equity firm that provides capital for growth, buyouts, and industry consolidations. Saugatuck targets smaller middle-market companies with revenues of $15 to $100 million operating in fragmented service and manufacturing industries. Saugatuck will not invest in high tech, real estate, or financial businesses, as well as start-ups and turnaround situations. Saugatuck was formed in 1982 and is a registered SBIC. The Firm is based in Wilton, Connecticut.

DEAL STATS #
Overall 5 of 12
Sector (Restaurants) 1 of 1
Type (Growth Capital) 1 of 4
State (Washington) 1 of 1
Country (United States) 5 of 11
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 PPI-Time Zero

Paterson, New Jersey, United States

PPI-Time Zero, Inc. is an electronic manufacturing services provider, with product offerings in design and engineering, bare printed circuit board manufacturing, and assemblies. PPI-Time Zero was founded in 1970 and is based in Paterson, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-28 SmartMail

Forest Park, Georgia, United States

SmartMail LLC is a provider of expedited delivery service for lightweight packages (less than 5 lbs.) and flat-sized mail.

Sell -
Investor

Brinker International

Dallas, Texas, United States

website

Category Company
Founded 1975
Sector Restaurants
Employees62,025
Revenue 3.8B USD (2022)
DESCRIPTION
Entrance to Brinker's corporate headquarters in Dallas, Texas.
Entrance to Brinker's corporate headquarters in Dallas, Texas.

Brinker International is a casual dining restaurant company. Brinker owns, develops, operates, and franchises full-service casual dining restaurants under the Chili?s Grill & Bar and Maggiano?s Little Italy brands primarily in the United States. Brinker International was incorporated in 1983 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Restaurants) 1 of 3
Type (Growth Capital) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-19 Romano s Macaroni Grill

Houston, Texas, United States

Romano's Macaroni Grill is a casual Italian restaurant with more than 220 locations worldwide. Working in open kitchens, Macaroni Grill chefs prepare Italian classics such as Chicken Scaloppini and signature items such as Penne Rustica, as well as grilled specialties, fresh seafood, crisp salads, brick oven pizzas and numerous pasta dishes. The menu is complemented by one of the most extensive wine lists in casual dining, including house wine poured on the honor system.

Sell $132M
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