Joyal Capital Management, LLC has announced a number of successful transactions in its Franchise, Finance and Private Equity Fund departments.
JCM Franchise Development, LLC and JCM Finance, LLC provided both advisory and debt placement services for MAC Holdings, LLC, which has closed on the purchase of 36 existing Dunkin’ Donuts and Baskin Robbins franchises, plus additional territory rights within the Greater Orlando, Florida region, representing $138,000,000 of transaction value. This closing marks the largest single acquisition in Dunkin’ Donuts history. A credit facility was provided by Northern Bank & Trust Company and Bank of Rhode Island in order to fund the initial acquisition and future development of additional Dunkin’ Donuts and Baskin Robbins restaurants.
JCM Franchise Development, LLC and JCM Finance, LLC provided both M&A advisory and debt placement services for Cafua Management Company, Inc. (CMC), which has closed on the purchase of 25 Dunkin’ Donuts and Baskin Robbins franchises and a commercial kitchen in the Greater Ft. Lauderdale area of Florida which represents $78,000,000 of transaction value. Financing for the transaction was provided by Northern Bank & Trust Company.
JCM Franchise Development, LLC and JCM Finance, LLC provided both M&A advisory and debt placement services for Broward Donuts, LLC and affiliates (BD ETAL), which has closed on the purchase of a network of Dunkin’ Donuts locations, a development territory and real estate on the West Coast of Florida, representing a total transaction value of $54,000,000. Financing for the transaction was provided by Northern Bank & Trust Company.
JCM Advisory Services, LLC and JCM Franchise Development, LLC provided both advisory and M&A consulting services for Quality Brand Capital LLC, which has closed on its sale of a 35-store Dunkin’ Donuts network, a development territory, and a commercial kitchen totaling $31,000,000 of transaction value in Washington, D.C.
The JCM Opportunity Fund I, LLC (Fund) has concluded its investment in a $17,900,000 leveraged management buyout of a thirty-one (31) store network of Papa John’s in the Greater Miami, FL marketplace. The transaction utilized a combination of senior debt provided by Woburn, MA based Northern Bank & Trust Company and mezzanine debt from the Fund that allowed 100% of the equity and operational control to consolidate with the network’s CEO, established reserves to facilitate upgrades to the POS and equipment, and strategically relocated certain stores. Due to a shorter holding period driven by the operation exceeding its financial projections, the Fund was able to realize a 22.96% Investment IRR which represents a near 10% increase over the originally projected IRR of 13.92%.
“We could not be more pleased with the performance of the network or the financial performance of the investment. We take a lot of pride in underwriting our Opportunity Fund investments conservatively – positioning our borrowers and operating partners to exceed the investment projections in reality.” – Gary F. Joyal, CEO and Managing Partner, Joyal Capital Management, LLC.
Joyal Capital Management, LLC represents more than 500 clients in over 20 states on mergers and acquisitions, financing, private equity and family office services. Since its founding, JCM’s subsidiary, JCM Franchise Development, LLC has raised over $500 million of equity and debt capital for franchisee clients and has participated in over 125 restaurant-related M&A transactions with an aggregate transaction value exceeding $600 million. The JCM Opportunity Fund I, LLC is a private equity vehicle that focuses on franchise and real estate investments. Since its inception, the Fund has made five (5) investments, three (3) of which have been completed and two (2) of which are ongoing.
Visit Joyal Capital Management’s website: http://www.joycapmgt.com
For more information on JCM Franchise Development, LLC contact Daniel Connelly, Managing Director, at firstname.lastname@example.org, or at 508-747-2237.
For more information on the Fund contact Sean O’Brien, CFO, at email@example.com, or at 508-747-6107.