M&A Deal Summary

Danu Partners Acquires Smith & Wollensky

On March 21, 2016, private equity firm Danu Partners acquired restaurant Smith & Wollensky from Bunker Hill Capital

Acquisition Highlights
  • This is Danu Partners’ 1st transaction in the Restaurants sector.
  • This is Danu Partners’ 1st transaction in the United States.
  • This is Danu Partners’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2016-03-21
Target Smith & Wollensky
Sector Restaurants
Buyer(s) Danu Partners
Sellers(s) Bunker Hill Capital
Deal Type Secondary Buyout
Advisor(s) North Point Advisors LLC (Financial)

Target

Smith & Wollensky

Boston, Massachusetts, United States
Smith & Wollensky location on the Chicago River.
Smith & Wollensky location on the Chicago River.
The Smith & Wollensky Restaurant Group is an operator of high-end, high-volume steakhouses located in major cities across the United States. Smith & Wollensky is one of the few national steakhouses that dry-ages and hand-butchers USDA Prime beef on premise to ensure unparalleled quality, tender texture and outstanding flavor. Smith & Wollensky is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Danu Partners

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Danu Partners is a private investment firm focused on the media and consumer sectors. Danu Partners was established in 2009 and is headquartered in Dublin, Ireland.

DEAL STATS #
Overall 3 of 4
Sector (Restaurants) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Massachusetts) 1 of 2
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 Playertek

Dundalk, Ireland

Playertek is a plug-and-play GPS device and software platform that enables individual athletes to compare their data with professional players, as well as get a high-level view at their own volume and intensity. Playertek is based in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Playertek

Dundalk, Ireland

Playertek is a plug-and-play GPS device and software platform that enables individual athletes to compare their data with professional players, as well as get a high-level view at their own volume and intensity. Playertek is based in Dublin, Ireland.

Sell €2M

Seller(S) 1

SELLER

Bunker Hill Capital

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bunker Hill Capital is a private equity firm that makes control investments in profitable, lower middle-market companies with EBITDA of $3 to $15 million. Bunker Hill looks for fundamentally sound businesses with defensible market positions, but at an 'inflection' point in its growth cycle. Sectors of interest include business services, industrial, retail, and consumer products and services. Bunker Hill Capital was formed in 2003 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 4 of 7
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Massachusetts) 1 of 1
Country (United States) 4 of 7
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 California Family Fitness

Orangevale, California, United States

California Family Fitness ('CFF') is the market-owner and operator of fitness centers in the greater Sacramento, California area. CFF currently has 16 mid-to-large format club locations, each of which offers a selection of modern exercise equipment, swimming pools and basketball/racquetball courts as well as member services such as fitness class instruction, child care, tanning, sauna and steam rooms, and organized sports leagues.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Kingpin Tattoo Supply

St. Petersburg, Florida, United States

Kingpin Tattoo Supply, Inc. is a designer, manufacturer, and distributor of tattoo equipment and supplies. The Kingpin brand produces needles and tubes and distributes other tattoo supplies including inks, machines, medical supplies and body piercing accessories.

Buy -
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