M&A Deal Summary

Sentinel Capital Partners Acquires Newk’s Eatery

On March 14, 2014, private equity firm Sentinel Capital Partners acquired restaurant Newk’s Eatery

Acquisition Highlights
  • This is Sentinel Capital Partners’ 8th transaction in the Restaurants sector.
  • This is Sentinel Capital Partners’ 47th transaction in the United States.
  • This is Sentinel Capital Partners’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2014-03-14
Target Newk’s Eatery
Sector Restaurants
Buyer(s) Sentinel Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Arlington Capital Advisors LLC (Financial)

Target

Newk’s Eatery

Jackson, Mississippi, United States
Newk’s Eatery is a fast casual restaurant with a diverse menu of high quality, made-from-scratch sandwiches, soups, salads, and pizzas. The Newk’s Eatery system consists of 67 restaurants located in the Southeast.

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Buyer(S) 1

Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 51 of 95
Sector (Restaurants) 8 of 11
Type (Buyout (LBO, MBO, MBI)) 23 of 29
State (Mississippi) 1 of 1
Country (United States) 47 of 88
Year (2014) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 TGI Friday’s

Dallas, Texas, United States

TGI Friday's owns and operates a chain of restaurants in the United States and around the world. TGI Friday’s was founded in 1965 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 PlayCore

Chattanooga, Tennessee, United States

PlayCore is a provider of consumer equipment and backyard products. Its design, manufacture and marketing of commercial and consumer outdoor playground equipment. The consumer division manufactures kits for wooden swing sets and climbing units, plastic slides and related products.

Buy -
Mergr

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