M&A Deal Summary

CapitalSpring Acquires Beef ‘O Brady s

On July 20, 2017, lender CapitalSpring acquired restaurant Beef ‘O Brady s from Levine Leichtman Capital Partners

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

M&A Deal Summary

Date 2017-07-20
Target Beef ‘O Brady s
Sector Restaurants
Buyer(s) CapitalSpring
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout

Target

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.

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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 2 of 3
Sector (Restaurants) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 The Saxton Group

Dallas, Texas, United States

The Saxton Group is a McAlister’s Deli franchisee with over 50 McAlister’s Deli locations in Texas, Oklahoma, Kansas, and Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 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.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 29 of 57
Sector (Restaurants) 3 of 6
Type (Secondary Buyout) 12 of 30
State (Florida) 2 of 4
Country (United States) 28 of 51
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Werner

Itasca, Illinois, United States

WernerCo is a fully-integrated, international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment. Its portfolio of industry leading brands include Werner, KNAACK®, WEATHER GUARD®, Youngman®, BoSS®, Centaure, Duarib, Haemmerlin and Bailey. WernerCo is based in Itasca, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 Flexxray

Arlington, Texas, United States

FlexXray is a provider of x-ray inspection services focused exclusively on food safety. The company assists food manufacturers with regulatory compliance and food safety issues by identifying and removing foreign contaminants from food. Hundreds of manufacturing plants in North America rely on FlexXray’s expertise and customer service to salvage valuable products when contamination events occur in the normal course of the food manufacturing process. FlexXray was founded in 2001 and is headquartered in Arlington, Texas.

Buy -