. TriArtisan Capital Advisors 830 3rd Avenue, Floor 4, New York, New York 10022 United States (212) 609-0620 www.triartisan.com clientservices@triartisan.com Profile M&A Activity (6) Portfolio (6) Team (3) Offices (1) M&A Connections (6) M&A Advisors (3) Analytics Nord Bay, TriArtisan Capital to buy Hooters of America TGI Friday's is going public again - CNBC TriArtisan Capital Advisors is an established, New York-based private equity investing firm. Red Lobster, P.F. Financial terms of the deal were not disclosed. C3, an offshoot of Sam Nazarian's SBE Hospitality,operates dozens of proprietary, digital-first conceptsacross more than 250 locations that include brick-and-mortar restaurants,ghost kitchens and hotels. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019. [8] P. F. C3, the Fastest-Growing Global Food Tech Platform Partners with TGI It also has its own app, Go by Citizens, that allows customers to order delivery from multiple C3 brands at once. TGI | TriArtisan The Fridays guest recognition program, Give Me More Stripes, gives Fridays closest friends exclusive insider rewards, special event access, and menu sneak peeks, and is not only the first loyalty program of its kind in the industry, but one of the most progressive. East Coast Wings + Grill Signs Franchise Agreement to Expand in Clemson, SC, ClearCOGS Unveils ChatGPT AI Operations Manager Live in Las Vegas, Uno Restaurants Strikes Deal To Sell Its Uno Foods Division to Great Kitchens, Celebrate Jersey Mikes 13th Annual Month of Giving in March. A round of restaurant tech true or false, anyone? TriArtisan, Nord Bay near deal on wing specialist Hooters: sources Mitzi is the Chief Legal Officer and Vice President of Business Development for Friendlys Restaurants and BRIX Holdings, LLC. Strategic Capital is a relationship-based business that works internally across TD Cowen and externally across a . TriArtisan's investment will focus on utilizing kitchen capacities within its existing restaurants to develop C3's virtual brands. P.F. Tampa Bay, FL & New York & Atlanta (RestaurantNews.com) Hooters of America, LLC (HOA, Hooters or the Company) announced today that Nord Bay Capital (Nord Bay) and its advisor TriArtisan Capital Advisors LLC (TriArtisan) have closed on a transaction to acquire HOA from H.I.G. Private-equity firm TriArtisan Capital Advisors revealed Friday that it has invested $10 million in C3 and will bring its concepts that include Umami Burger, Krispy Rice and others into its restaurants as delivery-only offerings. He said they will be expanding into international markets soon, with a focus on the UK and Saudi ArabiaThroughout the pandemic, we have seen a substantial rise in the number of restaurants who are not fully utilizing their kitchen spaces, and as rents and labor become more expensive, our digital kitchen model offsets those costs and sets restaurants up for a financially stable future, Nazarian said. TGI Fridays is an iconic global brand with a long history of solid performance and a significant opportunity for future growth.. . TriArtisan's flexible institutional capital allows it to invest in companies requiring a broad range. For more information about Sentinel, visit www.sentinelpartners.com. We are pleased with the early results of our new fast casual concept and plan additional openings later this year, Marks said. How bad is restaurant inflation? TriArtisan Capital Advisors LLC . Acquisition of EnergySolutions by TriArtisan Capital Advisors Closed Established in 1993, PF Changs currently operates more than 200 company-owned restaurants and 90 franchised locations across 24 countries. David is the Chief Marketing Officer of Friendlys Restaurants and BRIX Holdings, LLC. Prior to Uncle Julios, David was the vice president of marketing for OCharleys restaurants and has held leadership positions at KFC and Darden Restaurants, for both Olive Garden and Red Lobster, including roles in brand management, national promotions, and menu strategy. 2018, TriArtisan Capital Advisors, LLC, All Rights Reserved. Changs and served as interim Chairman and CEO of TGI Fridays and CEO for P.F. *Portfolio company of TriArtisan Capital Partners, the predecessor to TriArtisan that was founded by Rohit Manocha and Gerald Cromack in 2002. Sentinel in talks to sell TGI Fridays's stake C3, the Fastest-Growing Global Food Tech Platform, Secures $10 Million or clientservices@triartisan.com, 2018, TriArtisan Capital Advisors, LLC, All Rights Reserved., Acquisition of EnergySolutions by TriArtisan Capital Advisors Closed, EnergySolutions Announces that TriArtisan Capital Advisors to Acquire Majority Ownership of the Company, Brookfield Properties Opens Manhattan West, New York City's Newest Destination For Food, Culture And Hospitality, P.F. Get todays need-to-know restaurant industry intelligence. Hooters of America, LLC, is the franchisor and operator of more than 430 Hooters restaurants in 38 states and 27 countries. TriArtisan invests and manages private equity capital provided by a broad roster of institutions including sovereign wealth funds, alternative asset managers, and family offices. Piper Jaffray served as financial adviser to Hooters of America. P.F. Chang's Owner In Talks to Sell Asian-Themed Chain for $700 Million the U.S. As an operating partner of TriArtisan Capital Advisors LLC and its predecessors, John participated in the acquisition of both TGI Fridays and P.F. Additionally, throughout his career, he has held positions in hospitality, training, food and beverage, culinary, operations, and international franchise development. As part of the deal, some of TriArtisan Capital's restaurants will start offering C3 brands as delivery-only options, +1 (212) 609-0620 William Pepper, Principal, Nord Bay Capital, stated: Hooters is an iconic global brand that has shown strong financial growth and development. 'Extraordinary' Conditions Sink TGI Fridays' $380M Sale Changs Tech Investment Boost Amid Labor Crunch, P.F. The deal, financial terms of which the companies did not disclose, will give New York-based Sentinel and TriArtisan control of the 900-restaurant chain that reported $2.7 billion in systemwide. Hooters of America has been sold - Restaurant Business TGI Friday's is a popular American restaurant chain that is known for its casual dining experience, vibrant atmosphere, and delicious food. The Firm targets profitable . It partnered with another PE firm, Paulson & Co., to acquire P.F. On July 1, 2019, family office Nord Bay Capital and private equity firm TriArtisan Capital Advisors acquired restaurants company Hooters of America LLC from H.I.G. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Hooters of America, LLC, is the franchisor and operator of more than 430 Hooters restaurants in 38 states and 27 countries. We are fortunate to have a partnership with Paulson and TriArtisan which will allow us to implement a collaborative growth strategy. Sales at TGI Fridays were down 80% in Q2 2020, for example. Known for its world-famous Hooters style chicken wings since 1983, Hooters has been liberating their guests from the ordinary through great food, fun and world-class hospitality. Chang's was the first multi-unit restaurant concept in the United States that featured wok cooking as the main experience. Additionally, its Responsible Business Program is focused on positively impacting the communities it serves. TriArtisan's investment is part of an $80 million in Series B funding that C3 secured this past month and co-led . In each of its investments, TriArtisan partners with high quality management teams to support them in achieving returns for its institutional and management partners. "The future of this industry lies in leveraging extra capacity in restaurant spaces to maximize all-day revenue potential. It is reportedly valued at around $700m. hooterspr@icrinc.com Minneapolis & New York (RestaurantNews.com)Carlson, a global hospitality and travel company, today announced that it has entered into a definitive agreement for the sale of TGI Fridays Restaurants to Sentinel Capital Partners and TriArtisan Capital Partners.