Industry News | January 11, 2012

Trinity Capital Announces Successful Assignments

image used with permission.

Trinity Capital is proud to announce that we remained exceedingly busy during year-end 2011 with a number of recently closed transactions and several new assignments. Many of these are listed below.

Please visit us at: www.trinitycapitalllc.com to learn more about each of these individual transactions and more. You can expect to see more announcements in the coming weeks.

Buffalo's Franchise Concepts, Inc. Acquired By Fog Cutter Capital Group
Transaction Overview: 
Trinity represented the seller in identifying and soliciting several interested buyers and assisted with the negotiations to achieve a successful closing of the transaction.

Sale of Eddy Packing Company, Inc.
Transaction Overview: 
Trinity Capital LLC served as the exclusive financial advisor in the sale of Eddy Packing Company, Inc., a leading protein further processor, to Mason Wells. Trinity developed and managed a highly competitive process that included both financial and strategic buyers, and worked with the Company to select the buyer that represented the optimal combination of price, terms and ability to close.

Client Testimonial:
"Trinity expertly managed a thorough marketing process that ensured the best valuation for my business. I relied on Trinity to guide me through the daunting process of selling my family-owned business, and their team consistently reaffirmed my confidence that they had my best interests in mind."
–Ronald Beeman, president

Multi-Unit Wendy's Valuation and Analysis
Transaction Overview: 
Trinity provided the Company with financial advisory services including a valuation analysis of the business.

Mutli-Unit IHOP Franchisee Valuation Opinion
Transaction Overview: 
Trinity Capital recently provided a formal opinion of valuation to a private equity firm that was changing the legal structure of one of its portfolio companies. The portfolio company was a multi-unit franchisee of IHOP, a national family dining restaurant concept. Despite the lack of recent M&A activity involving franchisees in the family dining segment, Trinity was able to provide an opinion of value for the private equity firm that was used to satisfy tax requirements and facilitated a smooth transition to the new legal structure.

Provided Financial Due Diligence for a Multi-Unit Pizza Hut Acquisition to Prometheus Partners
Transaction Overview: 
Trinity Capital LLC provided the financial due diligence to Prometheus Partners, a private equity fund established to invest in smaller middle market nationally-franchised restaurant businesses, in its acquisition of a multi unit Pizza Hut operator. Trinity worked with Prometheus Partners to provide a due diligence package that independently verified the financial results of the Pizza Hut operator.

Completed a Financial Restructuring for a Denny’s Franchisee
Overview:
Trinity Capital LLC successfully completed a comprehensive financial restructuring for Realty Resources Hospitality, LLC, a top 20 franchisee of Denny’s. Trinity conceived a solution and negotiated a multi-creditor agreement that favorably restructured the Company’s balance sheet, significantly modified the Company’s debt service requirements, and preserved the owner’s equity.  In addition, Trinity’s plan ensured a means of funding both past due and future re-image requirements to protect the brand’s image.

Client Testimonial:
“We found ourselves in a hole that seemed like an endless struggle to overcome. With the economy hindering any recovery, our balance sheet just complicated matters. We had to come up with a plan to satisfy our lender and capital partner, but the process became stagnant and the fear of not getting anywhere was growing.

We were thankful to have been introduced to Trinity. Trinity quickly inserted a short-term and long-term agenda, while exploring every conceivable avenue as a possible solution. We felt they instilled confidence to our financial partners and, through their process, afforded us the opportunity to simultaneously explore several alternatives and bring forth a resolution. Trinity came up with a plan and executed it like clockwork. They truly provided a solution that was the best outcome for all parties involved.”
–Joseph Cloutier, owner

Provided System-Wide Consulting Services for FRANMAC
Transaction Overview: 
Trinity Capital was engaged by FRANMAC, the Taco Bell Franchise Management Advisory Council to provide data and analyses on system wide economics in order to assess a system wide reimaging program.  This program involved sampling P&L’s and working with operators to establish systemwide benchmarks.

Conferences

Trinity Capital is an active participant, sponsor and speaker at numerous industry conferences. Upcoming events include:

March 2012: Trinity Capital is a conference sponsor and exhibitor at the 2012 Restaurant Leadership Conference in Scottsdale being held March 25–28, 2012. If you are a restaurant operator please contact us to be invited as our guest. If you are attending and would like to make arrangements for an on-site meeting please call Jennifer Brown at 310.231.3113 to schedule a time.

Trinity Capital is a private investment banking firm that provides financial advice to middle market businesses regarding mergers and acquisitions, leveraged and management buyouts, debt restructuring and private placements of debt and equity.

Since our inception in 2000, the firm has completed nearly $20 billion in successful transactions. Among other sectors, we have deep expertise in restaurants, including franchised operations and we have successfully closed over 250 transactions in this sector alone.

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