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ICR Inc. represents Pinstripes as the dining and entertainment brand plans to go public via a SPAC deal with Banyan Acquisition Corp. valued at $520M.
Pinstripes has 13 made-from-scratch Italian food restaurants that also feature bowling and bocce. Six units are under construction and slated to open by the end of the year.
Founder Dale Schwartz launched Pinstripes in 2007 “to create fun interactions and celebrations that people crave.”
He projects 2024 revenue in the $190M range and EBITDA clocking in at about $32M. Revenue for Northbrook, IL-based Pinstripes is split 75/25 between food and games.
Schwartz sees the potential for 150 Pinstripes restaurants in the US and overseas.
The company will trade on the New York Stock Exchange when the deal closes during the fourth quarter.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
Financial marketing is entering a new era where brands must move beyond mere storytelling and increasingly demonstrate to audiences that they’re prepared for change.
The Walt Disney Company is bringing on Benjamin Swinburne as EVP of investor relations and corporate strategy.
