M&A Deal Summary

PNC Mezzanine Capital Acquires Sauce Pizza & Wine

On December 31, 2014, mezzanine finance firm PNC Mezzanine Capital acquired restaurant Sauce Pizza & Wine

Acquisition Highlights
  • This is PNC Mezzanine Capital’s 2nd transaction in the Restaurants sector.
  • This is PNC Mezzanine Capital’s 45th transaction in the United States.
  • This is PNC Mezzanine Capital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2014-12-31
Target Sauce Pizza & Wine
Sector Restaurants
Buyer(s) PNC Mezzanine Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sauce Pizza & Wine

Scottsdale, Arizona, United States
Sauce Pizza & Wine is a fast-casual Italian restaurant concept offering freshly prepared pizza, pasta, salad and sandwiches for lunch and dinner. Sauce Pizza & Wine was founded in 2003 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

PNC Mezzanine Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 47 of 77
Sector: Restaurants M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 38
State: Arizona M&A 1 of 4
Country: United States M&A 45 of 73
Year: 2014 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Distribution International

Houston, Texas, United States

Distribution International (DI) is a distributor of thermal and acoustical insulation and related supplies for maintenance and repair operations in the United States. DI serves power generation facilities, petrochemical and industrial refinery plants, governmental and institutional buildings, military and commercial vessels and offshore rigs as well as other facilities and industries. Distribution International was founded in 1986 and is based in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Trexon

Macedonia, Ohio, United States

Trexon is a designer and specialty distributor of high performance, ruggedized wire, cable, connectors, and assembled products. TPC's highly engineered products transmit power and signal in critical applications such as robotic manufacturing systems and temporary power for auto plants, mines, factories, and other harsh industrial environments. Trexon was founded in 1979 and is based in Macedonia, Ohio.

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