M&A Deal Summary

Wayzata Investment Partners Acquires Perkins Restaurant and Bakery

On November 30, 2011, private equity firm Wayzata Investment Partners acquired restaurant Perkins Restaurant and Bakery

Acquisition Highlights
  • This is Wayzata Investment Partners’ 1st transaction in the Restaurants sector.
  • This is Wayzata Investment Partners’ 23rd transaction in the United States.
  • This is Wayzata Investment Partners’ 3rd transaction in Tennessee.
Investment Fate
  • Perkins Restaurant and Bakery went bankrupt in 2019.
  • Perkins Restaurant and Bakery was sold to a strategic buyer in 2019 for 52M USD.

M&A Deal Summary

Date 2011-11-30
Target Perkins Restaurant and Bakery
Sector Restaurants
Buyer(s) Wayzata Investment Partners
Deal Type Special Situations/Distressed

Target

Perkins Restaurant and Bakery

Memphis, Tennessee, United States
Perkins Restaurant and Bakery is an operator of a chain of family restaurants. The Company also has a baked goods manufacturing division operating under the name of Foxtail Foods which manufactures pies, pancake mixes, cookie dough, and muffin batter for in-store bakeries and third-party customers. Perkins Restaurant and Bakery was founded in 1958 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 25 of 26
Sector: Restaurants M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 21 of 22
State: Tennessee M&A 3 of 3
Country: United States M&A 23 of 24
Year: 2011 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-29 ALOFT AeroArchitects

Georgetown, Delaware, United States

ALOFT AeroArchitects is a boutique provider of a diverse array of aircraft services, components and integrated systems to leading original equipment manufacturers (OEMs), airline operators, ultra-high net worth individuals, governments and corporations worldwide. ALOFT AeroArchitects was founded in 1998 and is based in Georgetown, Delaware.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 The Majestic Star Casino

Las Vegas, Nevada, United States

The Majestic Star Casino LLC is a regional gaming company that owns and operates three casino properties: Majestic Star and Majestic Star II located at Buffington Harbor in Gary, Indiana, Fitzgerald’s Hotel & Casino in Tunica County, Mississippi. Majestic Star’s properties are well established within their markets, each having been in operations for more than ten years.

Buy -