Investment Summary

TriArtisan Capital Advisors and Nord Bay Capital Exits HOA

On March 31, 2025, invested in restaurant HOA from TriArtisan Capital Advisors and Nord Bay Capital

Investment Highlights
  • This is transaction in the Restaurants sector.
  • This is transaction in the United States.
  • This is transaction in Georgia.

Investment Summary

Date 2025-03-31
Target HOA
Sector Restaurants
Sellers(s) TriArtisan Capital Advisors
Nord Bay Capital
Deal Type Bankruptcy

Target

HOA

Atlanta, Georgia, United States
HOA is an operator of over 430 Hooters restaurants in 44 states and 27 foreign countries. HOA is well-known for its brand of food and fun, featuring a casual beach-theme atmosphere, a menu that features seafood, sandwiches and Hooters nearly, chicken wings, and service provided by the All-American cheerleaders, the Hooters Girls. HOA was founded in 1983 and is based in Atlanta, Georgia.

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Seller(S) 2

DESCRIPTION

TriArtisan Capital Advisors is a private equity firm focused on mid-sized company investments and acquisitions. The Firm targets profitable companies with $25 to $300 million of EBITDA operating in a variety of industries including retail, business services, industrial, media, and healthcare. Prospective transaction situations include buyouts, growth equity investments, spin-offs, carve-outs, roll-ups, recapitalizations, and restructurings. TriArtisan Capital Advisors was established in 2002 and is headquartered in New York, New York.


DEAL STATS #
Overall 2 of 2
Sector: Restaurants M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-21 Form Technologies

Charlotte, North Carolina, United States

Form Technologies is a producer of precision-engineered components with complex geometries and tight tolerances. Utilizing proprietary processes and engineering expertise, the company manufactures over five billion high-precision components annually, serving diverse end markets worldwide. Form Technologies was founded in 2018 and is based in Charlotte, North Carolina.

Sell $304M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-03 Denny s

Spartanburg, South Carolina, United States

Denny’s operates a network of casual dining restaurants serving breakfast, lunch, and dinner items across the United States and internationally. Denny's menu includes traditional diner fare such as pancakes, burgers, sandwiches, and salads, with many locations open 24 hours a day. Denny’s was founded in 1953 and is headquartered in Spartanburg, South Carolina.

Buy $620M
DESCRIPTION

Nord Bay Capital is a family office focused on direct and co-investments in mid-sized US-based businesses. Nord Bay Capital prefers established, non-cyclical companies with strong market positions. Nord Bay Capital is headquartered in Clearwater, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Restaurants M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 HOA

Atlanta, Georgia, United States

HOA is an operator of over 430 Hooters restaurants in 44 states and 27 foreign countries. HOA is well-known for its brand of food and fun, featuring a casual beach-theme atmosphere, a menu that features seafood, sandwiches and Hooters nearly, chicken wings, and service provided by the All-American cheerleaders, the Hooters Girls. HOA was founded in 1983 and is based in Atlanta, Georgia.

Buy -