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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.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
