Restaurant & QSR Expansion Report

Sentinel Capital Takes Fazoli’s…….

In early July, private investment firm Sun Capital Partners Inc. reported that an affiliate has completed the sale of its investment in the Lexington, Kentucky-based Fazoli’s Group Inc. to global private equity firm Sentinel Capital Partners. Fazoli’s is a premium quick service Italian restaurant chain with 124 company-owned and 89 independent franchised locations in 26 states. The chain of freestanding restaurants focuses on a variety of traditional and innovative Italian food offerings, including its signature freshly baked breadsticks, fresh-made pastas, Submarinos, pizza, salads and desserts. “This transaction marks the culmination of our successful partnership with the company’s management team that revitalized Fazoli’s award-winning brand,” said M. Steven Liff, Senior Managing Director at Sun Capital. “The largest menu upgrade in the company’s history combined with a renewed focus on providing its customers with an enhanced dining experience has positioned Fazoli’s as a strong player in the premium QSR/fast casual segment, with plenty of opportunity for future growth.” Sentinel is a lower middle market private equity firm that invests in management buyouts, acquisitions of family businesses, corporate divestitures, industry consolidations, and going-private transactions in the United States and Canada. Based in New York City, it has approximately $2.6-billion of capital under management……….

Fazoli’s Group Inc – 2470 Palumbo Dr., Lexington Kentucky 40509 (859/268-1668 www.fazolis.com)

Sun Capital Partners Inc - 5200 Town Center Circle, Suite 600, Boca Raton, Florida 33486 (561/394-0550 www.suncappart.com)

Sentinel Capital Partners - 330 Madison Ave., 27th Floor, New York, New York 10017 (212/688-3100 info@sentinelpartners.com www.sentinelpartners.com)

 

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