M&A Deal Summary

CapitalSpring Acquires Connor Concepts

On December 10, 2019, lender CapitalSpring acquired restaurant Connor Concepts

Acquisition Highlights
  • This is CapitalSpring’s 2nd transaction in the Restaurants sector.
  • This is CapitalSpring’s 3rd transaction in the United States.
  • This is CapitalSpring’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2019-12-10
Target Connor Concepts
Sector Restaurants
Buyer(s) CapitalSpring
Deal Type Recapitalization
Advisor(s) FocalPoint Securities
Morgan Stanley (Financial)

Target

Connor Concepts

Knoxville, Tennessee, United States
Connor Concepts is an operator of two brand concepts that have evolved into seventeen successful locations across the Southeast. Connor Concepts was founded in 1992 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

CapitalSpring

Investor Investor Investor Investor Investor


Category Lender
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

CapitalSpring is a lender and investor focused on the restaurant industry. The Firm looks to commit $10 to $100 million to support a variety of capital needs including funding for acquisitions, growth, recapitalization, real estate development, and buyouts. CapitalSpring will invest across the capital structure and is interested in opportunities across the entire restaurant industry, including chains, franchisors, franchisees, vendors, technology platforms, and real estate. CapitalSpring was established in 2005 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 3 of 3
Sector (Restaurants) 2 of 2
Type (Recapitalization) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Beef ‘O Brady s

Tampa, Florida, United States

Beef ‘O' Brady's is an industry leading franchise restaurant concept. The company is built around delivering high quality food to families and sports fans in a comfortable and friendly environment. The concept successfully combines elements of a casual dining sports bar with the atmosphere of a family dining establishment, creating a unique experience for adults and kids alike. Beef ‘O' Brady's has 215 franchise restaurants in the United States and generated approximately $200 million in systemwide sales in 2006. Beef ‘O' Brady's was founded in 1985 and is headquartered in Tampa, Florida.

Buy -