M&A Deal Summary

NMP Capital and Prometheus Partners Acquire Coastal QSR Holdings

On January 1, 2008, mezzanine finance firm NMP Capital and private equity firm Prometheus Partners acquired restaurant Coastal QSR Holdings

Acquisition Highlights
  • This is NMP Capital’s 1st and Prometheus Partners’ 1st transaction in the Restaurants sector.
  • This is NMP Capital’s 31st and Prometheus Partners’ 2nd transaction in the United States.
  • This is NMP Capital’s 1st and Prometheus Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2008-01-01
Target Coastal QSR Holdings
Sector Restaurants
Buyer(s) NMP Capital
Prometheus Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Coastal QSR Holdings

Port Charlotte, Florida, United States
Coastal QSR, LLC operates 44 Yum brands restaurants in Florida under the banner of Taco Bell. The company was incorporated in 2007 and is based in Port Charlotte, Florida.

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Buyer(S) 2

Buyer

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 33 of 90
Sector: Restaurants M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 22
State: Florida M&A 1 of 5
Country: United States M&A 31 of 87
Year: 2008 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-20 Dynojet

Las Vegas, Nevada, United States

Dynojet is a manufacturer of aftermarket performance-enhancing automotive parts and accessories as well as diagnostic equipment for the Powersports industry. Dynojet was founded in 1972 and is based in North Las Vegas, Nevada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-22 Avtron Aerospace

Cleveland, Ohio, United States

Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio.

Buy -
DESCRIPTION

Prometheus is a private equity firm established to invest in lower middle-market nationally-franchised restaurant businesses. Prometheus targets businesses that provide opportunities for rapid growth internally or externally through add-on acquisitions. Prometheus typically invests between $5 and $20 million in businesses valued between $10 and $50 million. Target companies are generally located in the Southeast US. Transaction situations can include buyouts, divestitures, growth capital financings, and recapitalizations. Prometheus is based in Alpharetta, Georgia.


DEAL STATS #
Overall 2 of 2
Sector: Restaurants M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Portable Facilities Holdings

Escondido, California, United States

Portable Facilities Holdings, Inc. is a provider of portable sanitation equipment rental, debris removal, and other construction site services in Greater San Diego, CA, and Greater Charlotte, NC, respectively. Portable Facilities Holdings was established in 1994 and is based in Escondido, California.

Buy -