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)