M&A Deal Summary

Sun Capital Partners Acquires Xperience Restaurant Group

On July 12, 2006, private equity firm Sun Capital Partners acquired restaurant Xperience Restaurant Group from BRS and Jefferies Capital Partners

Acquisition Highlights
  • This is Sun Capital Partners’ 4th transaction in the Restaurants sector.
  • This is Sun Capital Partners’ 28th transaction in the United States.
  • This is Sun Capital Partners’ 6th transaction in California.
Investment Fate
  • Xperience Restaurant Group went bankrupt in 2011.
  • Xperience Restaurant Group was sold to a consortium of financial buyers in 2012.

M&A Deal Summary

Date 2006-07-12
Target Xperience Restaurant Group
Sector Restaurants
Buyer(s) Sun Capital Partners
Sellers(s) BRS
Jefferies Capital Partners
Deal Type Secondary Buyout

Target

Xperience Restaurant Group

Cypress, California, United States
website
Xperience Restaurant Group is an operator of casual and fine dining brands. The Company operates four primary concepts, El Torito, El Torito Grill, Chevys Fresh Mex and Acapulco, offering a variety of traditional, innovative and authentic Mexican dishes. Xperience Restaurant Group was founded in 1954and is based in Cypress, California.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 33 of 167
Sector (Restaurants) 4 of 14
Type (Secondary Buyout) 2 of 40
State (California) 6 of 16
Country (United States) 28 of 116
Year (2006) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-12 POP Displays

Yonkers, New York, United States

POP Displays is an integrated manufacturer of point-of-purchase displays focused primarily on permanent displays in cosmetics and electronics for mass channel retailers. POP designs and manufactures plastic molded cosmetics wall units, category management solutions, counter units, floor stands, kiosks, testers, and window displays and is involved in all phases of product design, production, and distribution. POP Displays was founded in 1953 and is based in Yonkers, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Marsh Supermarkets

Indinanapolis, Indiana, United States

Marsh Supermarkets operates supermarkets under such well-known brands as Marsh Supermarkets, Hometown Markets, LoBill Foods, Arthur’s Fresh Markets, O’Malia Food Markets. The Company also operates McNamara Florist and Enflora Flowers for Business.

Buy $325M

Seller(S) 2

SELLER

BRS

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BRS is a private equity investment firm that specializes in management buyouts and recapitalizations of middle-market companies with strong market positions and growth potential. Broad areas of interest include consumer products, consumer services, food/nutrition, restaurants, retail, and distribution. BRS looks to commit $10 to $25 million per transaction. BRS was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 13 of 34
Sector (Restaurants) 4 of 9
Type (Secondary Buyout) 4 of 13
State (California) 2 of 4
Country (United States) 13 of 33
Year (2006) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 Bravo Brio

Columbus, Ohio, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-28 Penhall

Irving, Texas, United States

Penhall is a national provider of concrete cutting, breaking and excavation and highway grinding services in the United States with the first or second market position in the majority of its served markets. Penhall has 37 branch locations in 17 states, over 800 skilled employees and an equipment fleet of 750 revenue producing units. Penhall provides a broad range of concrete- and asphalt-related services that generally are part of much larger construction projects in the non-residential building construction and infrastructure markets. Penhall was founded in 1957 and is headquartered in Irving, Texas.

Sell $240M
SELLER

Jefferies Capital Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.


DEAL STATS #
Overall 16 of 28
Sector (Restaurants) 2 of 2
Type (Secondary Buyout) 3 of 4
State (California) 4 of 5
Country (United States) 15 of 27
Year (2006) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-11 Charrette

Woburn, Massachusetts, United States

Provider of traditional and digital products and reprographic services to the professional design marketplace.

Sell $107M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-24 Blacksand Energy

Denver, Colorado, United States

Blacksand Energy was a private exploration and production company based in Denver, Colorado that focused on production and development of primarily oil reserves in California.Blacksand Energy - is primarily engaged in the acquisition, development and production of oil and gas properties. Blacksand’s principal asset is the long-life Brea-Olinda oil field located in the LA Basin, onshore California.

Sell $416M