M&A Deal Summary

Praesidian Capital Acquires Charlie Brown s

On April 11, 2011, mezzanine finance firm Praesidian Capital acquired restaurant Charlie Brown s

Acquisition Highlights
  • This is Praesidian Capital’s 2nd transaction in the Restaurants sector.
  • This is Praesidian Capital’s 28th transaction in the United States.
  • This is Praesidian Capital’s 4th transaction in New Jersey.

M&A Deal Summary

Date 2011-04-11
Target Charlie Brown s
Sector Restaurants
Buyer(s) Praesidian Capital
Deal Type Special Situations/Distressed

Target

Charlie Brown s

Millburn, New Jersey, United States
Charlie Brown's Corporation operates steakhouse restaurants in Chatham, Denville, East Windsor, Edison, Lakewood, Maple Shade, Millburn, Old Tappan, Oradell, Scotch Plains, Silverton, Washington Township, Wayne, Westampton/Mount Holly, and Woodbury, New Jersey.

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Buyer(S) 1

Buyer

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 28 of 52
Sector: Restaurants M&A 2 of 3
Type: Special Situations/Distressed M&A Deals 1 of 1
State: New Jersey M&A 4 of 5
Country: United States M&A 28 of 49
Year: 2011 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 PromptCare

New Providence, New Jersey, United States

PromptCare is a regional provider of specialty respiratory and infusion services. The Company combines high-tech equipment and infusion drug therapies with a tailored, -high-touch service approach to deliver superior patient care, and is a preferred partner of hospitals, physicians, and payors in managing complex medical conditions such as ALS, chronic lung conditions, and a number of nutritional and autoimmune deficiencies. PromptCare was founded in 1985 and headquartered in New Providence, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-29 PetWise

Novato, California, United States

PetWise is an industry manufacturer and distributor of branded pet products and accessories. PetWise distributes its products through a diverse mix of channels including e-Commerce, mass merch, pet specialty, club, grocery and others. PetWise was founded in 1991 and is based in Novato, California.

Buy -