Going Private • Restaurants

Spice Private Equity Acquires Bravo Brio

On March 8, 2018, private equity firm Spice Private Equity acquired restaurant Bravo Brio for 100M USD

Acquisition Context
  • This is Spice Private Equity’s 2nd transaction in the Restaurants sector.
  • This is Spice Private Equity’s largest (disclosed) transaction.
  • This is Spice Private Equity’s 2nd transaction in the United States.
  • This is Spice Private Equity’s 1st transaction in Ohio.
Investment Fate
  • Bravo Brio went bankrupt in 2020.

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M&A Deal Summary

Date March 8, 2018
Target Bravo Brio
Sector Restaurants
Buyer(s) Spice Private Equity
Deal Type Going Private
Deal Value 100M USD

Target Company

Bravo Brio

Columbus, Ohio, United States
Bravo Brio is a restaurant company featuring two rapidly growing, category defining brands in the upscale casual Italian dining segment: Bravo Cucina Italiana and Brio Tuscan Grille. Bravo Brio was founded in 1987 and is based in Columbus, Ohio.
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Buyer Overview 1

DESCRIPTION


Deal Context for Buyer #
Overall 3 of 4
Sector: Restaurants 2 of 2
Type: Going Private 1 of 1
State: Ohio 1 of 1
Country: United States 2 of 2
Year: 2018 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Leon Restaurants

London, United Kingdom

Leon Restaurants is an operator of fast-food restaurants. It serves Breakfast, Lunch, Dinner, Coffee, and Drinks. Leon Restaurants was founded in 2004 and is based in London, Engaland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-11 Craftory

London, United Kingdom

Craftory is a consumer goods company established to back challenger brands. Craftory will focus on acquiring & scaling high-growth consumer brands with more than $10 million revenues in health and beauty care, personal care (including male grooming and feminine hygiene); health food and snacks; beer, wine & spirits; tea, coffee and soft drinks; chocolate; household care; perfumes & fragrance; pet care; and any blended, multi-category plays. Craftory was founded in 2017 and is based in London, England.

Buy -