Joyal Capital Management, LLC is pleased to announce a number of successful 2014 transactions in its Franchise and Private Equity Fund departments.
Cafua Management Company, Inc., (CMC) has closed on the purchase of 3 existing Dunkin’ Donuts Networks totaling 31 restaurants and $35,000,000 of transaction value in the Miami Dade/Broward regions of Florida. CMC is the single largest family franchise owner in the Dunkin’ Donuts system with over 300 locations in eight states. Financing for the transactions was provided by Northern Bank & Trust Company and United Capital. JCM Franchise Development provided both advisory and debt placement services for these transactions.
The JCM Opportunity Fund I LLC, a Boston-based private equity vehicle that focuses on franchised and real estate investments, along with Woburn, MA-based Northern Bank & Trust Company, closed on a $17.9 MM leveraged management buyout of Pizzerias, LLC a thirty-one (31) store network of Papa John’s in the greater Miami, FL marketplace. The transaction utilized a combination of senior and mezzanine debt, allowed 100% of the equity and operational control to consolidate with the network’s CEO and established reserves to facilitate upgrades to POS and kitchen equipment as well as strategically relocate certain stores.
Dania Management Group, LLC, recently purchased 6 Dunkin’ Donuts locations in the greater Memphis, TN region for $4,000,000. JCM Franchise Development provided advisory services to Dania Management.
Dedham Donuts, Inc. completed their $8,400,000 purchase of 7 Dunkin’ Donuts restaurants from D’Alelio Management Company, LLC in Brookline, MA. BankRI provided the financing and JCM Franchise Development provided overall advisory services as both families are long time clients of the firm.
We specialize in the acquisition, disposition, financing, and valuation of franchised businesses on behalf of our clients. Our team takes a holistic, non-transactional approach to each engagement, integrating the myriad constituencies that have a role and a voice in the increasingly complex arena of franchising. We model every possible scenario, and examine every angle, to ensure that the ultimate deal structure is sensible for all parties: buyer, seller, counsel, franchisor, and lender. Since our founding, JCM has raised over $300 million of equity and debt capital for our franchisee clients and have participated in over 100 Restaurant related M&A transactions with an aggregate transaction value exceeding $500 million. For more information on JCM, contact Daniel Connelly, Managing Director, at email@example.com, or at 508-747-2237.
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