M&A Deal Summary

Spice Private Equity Acquires Bravo Brio

On March 8, 2018, private equity firm Spice Private Equity acquired restaurant Bravo Brio for 100M USD

Acquisition Highlights
  • This is Spice Private Equity’s 2nd transaction in the Restaurants sector.
  • This is Spice Private Equity’s largest (disclosed) transaction.
  • This is Spice Private Equity’s 2nd transaction in the United States.
  • This is Spice Private Equity’s 1st transaction in Ohio.

M&A Deal Summary

Date 2018-03-08
Target Bravo Brio
Sector Restaurants
Buyer(s) Spice Private Equity
Deal Type Going Private
Deal Value 100M USD

Target

Bravo Brio

Columbus, Ohio, United States
website
Bravo Brio is a restaurant company featuring two rapidly growing, category defining brands in the upscale casual Italian dining segment: Bravo Cucina Italiana and Brio Tuscan Grille.

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Buyer(S) 1

DESCRIPTION

BAML Capital Partners is the private equity group within Bank of America. The Group looks to invest $50 to $200 million in transactions valued up to $5 billion. BAML Capital looks to provide equity and/or mezzanine capital to help support growth financings, management and leveraged buyouts, and recapitalizations. Prospective companies generally have sustainable competitive advantages and operate in rapidly growing or consolidating markets. Sectors of interest include media/entertainment, communications services, healthcare, information technology, consumer products & retail, industrial, business services, financial services, and energy/power. BAML Capital was formed as the result of the Merrill Lynch/Bank of America merger, where Banc of America Capital Investors and Merrill Lynch Global Private Equity were combined. BAML Capital Partners dates back to 1993 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 3 of 4
Sector (Restaurants) 2 of 2
Type (Going Private) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Leon Restaurants

London, United Kingdom

Leon Restaurants is an operator of fast-food restaurants. It serves Breakfast, Lunch, Dinner, Coffee, and Drinks. Leon Restaurants was founded in 2004 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-11 The Craftory

London, United Kingdom

The Craftory is a consumer goods company established to back challenger brands. The Craftory will focus on acquiring & scaling high-growth consumer brands with more than $10 million revenues in health and beauty care, personal care (including male grooming and feminine hygiene); health food and snacks; beer, wine & spirits; tea, coffee and soft drinks; chocolate; household care; perfumes & fragrance; pet care; and any blended, multi-category plays. The Craftory was founded in 2017 and is based in London, United Kingdom.

Buy -