M&A Deal Summary

Halifax Group Acquires Papa John s

On November 13, 2007, private equity firm Halifax Group acquired restaurant Papa John s

Acquisition Highlights
  • This is Halifax Group’s 1st transaction in the Restaurants sector.
  • This is Halifax Group’s 9th transaction in the United States.
  • This is Halifax Group’s 1st transaction in Alabama.
Investment Fate
  • Papa John s was sold to a consortium of financial buyers in 2014.
  • Papa John s was recapitalized in 2020.

M&A Deal Summary

Date 2007-11-13
Target Papa John s
Sector Restaurants
Buyer(s) Halifax Group
Deal Type Recapitalization

Target

Papa John s

Birmingham, Alabama, United States
Papa John is a restaurant operator in pizza category, with one of the most experienced management teams in industry. Papa John's was founded in 1991 and is headquartered in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.


DEAL STATS #
Overall 11 of 45
Sector (Restaurants) 1 of 2
Type (Recapitalization) 2 of 10
State (Alabama) 1 of 2
Country (United States) 9 of 40
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Preferred Homecare

Phoenix, Arizona, United States

Founders Healthcare LLC provides home healthcare products and services in the Southwest. The company offers respiratory, home infusion, and home medical equipment therapies and services through its branch offices and service centers. Founders Healthcare was formed in 1997 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-24 North American Video

Brick, New Jersey, United States

North American Video is a provider of integrated security solutions to markets including gaming, education, corporate campuses, multi-family housing, transportation, critical infrastructure, government, healthcare, financial, and retail. North American Video was founded in 1995 and is based in Brick, New Jersey.

Buy -