M&A Deal Summary

L Catterton Partners Acquires Uncle Julio s

On October 11, 2017, growth capital firm L Catterton Partners acquired restaurant Uncle Julio s from J.H. Whitney Capital Partners and Retail and Restaurant Growth Capital

Acquisition Highlights
  • This is L Catterton Partners’ 22nd transaction in the Restaurants sector.
  • This is L Catterton Partners’ 89th transaction in the United States.
  • This is L Catterton Partners’ 10th transaction in Texas.

M&A Deal Summary

Date 2017-10-11
Target Uncle Julio s
Sector Restaurants
Buyer(s) L Catterton Partners
Sellers(s) J.H. Whitney Capital Partners
Retail and Restaurant Growth Capital
Deal Type Secondary Buyout

Target

Uncle Julio s

Irving, Texas, United States
Uncle Julio's is a polished casual Mexican restaurant concept that provides customers unique offerings from its made-from-scratch menu. Uncle Julio’s operates 29 restaurants across seven states including Texas, Virginia, Maryland, Illinois, Florida, Georgia, and Tennessee. Uncle Julio's was founded in 1986 and is based in Irving, Texas.

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Buyer(S) 1

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 133 of 221
Sector (Restaurants) 22 of 30
Type (Secondary Buyout) 10 of 20
State (Texas) 10 of 14
Country (United States) 89 of 133
Year (2017) 15 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 Innis & Gunn Brewing

Edinburgh, United Kingdom

Innis & Gunn Brewing is an international craft beer businesses with a full product range including Original, its flagship oak-aged beer, award-winning Innis & Gunn Craft Lager, recently launched American and Session IPAs, and a successful limited edition programme of barrel-aged beers. Innis & Gunn Brewing was founded in 2003 and is based in Edinburgh, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Ferrara Candy

Round Lake, Minnesota, United States

Ferrara Candy Co., Inc. is a manufacturer and distributor of quality confectionery and gum products, offering full line, full service opportunities to all classes of trade in the United States.

Sell -

Seller(S) 2

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 18 of 27
Sector (Restaurants) 3 of 4
Type (Secondary Buyout) 11 of 14
State (Texas) 6 of 6
Country (United States) 17 of 26
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-18 Accupac

Mainland, Pennsylvania, United States

Accupac is a provider of outsourced manufacturing and packaging solutions to pharmaceutical and over-the-counter (OTC) personal care product manufacturers. Accupac is a specialist in liquid topical and oral care products, including skin creams, toothpaste, moisturizing lotions, mouthwash, and other personal care products, many of which require FDA approval. Accupac was established in 1974 and is based in Mainland, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Precision Medicine Group

Bethesda, Maryland, United States

Precision Medicine Group is a specialized services company supporting next-generation approaches to drug development and commercialization. Precision provides an integrated infrastructure that supports pharmaceutical and life sciences companies as they develop new products in the age of precision medicine. Precision Medicine Group was founded in 2012 and is based in Bethesda, Maryland.

Sell -
SELLER

Retail and Restaurant Growth Capital

Plano, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 60M USD
Size Small
Type Sector Focused
DESCRIPTION

Retail & Restaurant Growth Capital (RRGC) is a private investment partnership that provides mezzanine capital to growth businesses operating in the retail and restaurant sectors. Specific areas of interest include 'unit-driven retail, restaurant and service businesses', e-commerce, catalog and consumer services, suppliers, and providers of business services including internet, logistics, outsourcing and technology. RRGC looks to invest $1 to $3 million per transaction to help fund buyouts, growth financings, recapitalizations, or acquisitions. RRGC is licensed as a SBIC and is based in Plano, Texas.


DEAL STATS #
Overall 3 of 3
Sector (Restaurants) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-22 Uncle Julio s

Irving, Texas, United States

Uncle Julio's is a polished casual Mexican restaurant concept that provides customers unique offerings from its made-from-scratch menu. Uncle Julio’s operates 29 restaurants across seven states including Texas, Virginia, Maryland, Illinois, Florida, Georgia, and Tennessee. Uncle Julio's was founded in 1986 and is based in Irving, Texas.

Buy -