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Brunswick Group will handle the potential sale of the TGI Fridays restaurant chain, which owner Electra Private Equity investment firm put on the auction block today.
The potential divestment of the casual dining restaurant unit is part of London-based EPE's effort to maximize shareholder value, cash in on the strong equity market and simplify its corporate structure.
TGIF operates more than 900 restaurants in 60 countries. Its market valuation is in the $200M range.
EPE has retained Greenhill & Co. investment banker to shop TGIF and other investments including Hotter Shoes, Knight Square (property management) and Photobox (personalized products/gifts) operations.
The company stresses that it is not currently discussing the sale of any of its units, though it "has received expressions of interest from several parties."
Brunswick's Ammerance Ozioro represents EPE.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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