Trinity Capital recently completed the sales of two restaurant businesses that operate brand-leading restaurants across five U.S. states and Costa Rica.
Trinity, the Los Angeles-based boutique investment firm, served as the exclusive financial advisor to Pacific Bells Inc. and World Wide Wings LLC, leading franchisees of the Taco Bell and Buffalo Wild Wings brands, in the sale of their 139 restaurants across five states to Partners Group, the global private markets investment manager.
Trinity was also the exclusive financial advisor to QSR International LDC, a 120-unit, multi-brand quick-service restaurant franchisee and developer throughout Latin America and the Caribbean, in the sale of its 32 KFC-franchised restaurants in Costa Rica to Mexican businessman Roberto González Alcalá. This transaction places Trinity among the top dealmakers in the franchise sector in Central or South America.
“Our restaurant clients continue to benefit from the favorable market conditions for restaurant asset sales,” said Kevin Burke, founder and managing partner of Trinity Capital. “We’re seeing growth in international opportunities and domestic market forces are holding steady. But we’ve also learned that timing is everything and that managing the timing of these transactions is crucial to their success, which is clearly the case in these latest transactions.”
Commenting on Trinity, Tom Cook, owner of Pacific Bells, noted there were several hurdles that needed to be overcome in the sale of his company’s Taco Bell restaurants. “Each time, Trinity was able to find a workable solution. From the marketing process to negotiations to closing, they routinely went above and beyond to ensure an optimal outcome for the deal.”
Richard Eisenberg, president of QSR International, said, “Trinity ran a robust marketing process that included strategic and financial buyers from all around the world. They represented our company with the utmost professionalism and delivered a well-qualified buyer.”
Trinity Capital provides financial advice to middle market businesses regarding mergers and acquisitions, leveraged and management buyouts, debt restructuring and private placements of debt and equity. The firm, a FINRA-regulated financial advisor, combines Wall Street experience and investor relationships with boutique client service and has deep sector expertise in restaurants, consumer/retail, food and beverage, and other industries. Trinity is headquartered in Los Angeles with offices in Boston. For more information visit http://www.tcib.com.