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finance

Financing

Private equity, on the sidelines in 2021, could make its return in 2022

 By Jonathan Maze on Dec. 21, 2021

The investment firms largely ceded the market to strategic buyers last year. But some believe they could make their return as they grow more confident in projections.

Financing

P.J. Whelihan’s gets some growth capital

 By Jonathan Maze on Dec. 20, 2021

Garnett Station Partners recapitalized PJW Restaurant Group, the New Jersey-based operator of the pub chain and other concepts.

Emerging Brands

With Callaway’s backing, Five Iron Golf gets ready to grow

By Heather Lalley on Dec. 17, 2021

The tech-enabled, golf-focused eatertainment chain has 11 units now with at least five more slated for 2022.

Technology

EzCater eyes IPO amid $100M fundraise

By Joe Guszkowski on Dec. 15, 2021

The online catering provider has rebounded strongly from the pandemic, drawing the attention of SoftBank and giving new life to its go-public plans.

Financing

Sardar Biglari doesn’t want Cracker Barrel to build restaurants

By Jonathan Maze on Dec. 14, 2021

The Bottom Line: The controlling shareholder of the company that owns Steak n Shake wants the family dining chain to stop spending on restaurants.

Financing

Creditors for bankrupt Old Country Buffet parent target its former owners

By Jonathan Maze on Dec. 13, 2021

A court gave the bankruptcy trustee the go-ahead to sue Fresh Acquisitions and VitaNova brands for $19.8 million in misused loans and unexplained transfers.

Financing

Tilman Fertitta backs out of his SPAC deal

By Jonathan Maze on Dec. 10, 2021

His Fertitta Entertainment will pay up to $33 million to get out of its merger with Fast Acquisition Corp., deciding the company should remain private.

Financing

Tacombi gets $27.5M from Danny Meyer’s investment fund

By Heather Lalley on Dec. 09, 2021

The cash infusion from Enlightened Hospitality Investments will allow the 13-unit Mexican fast casual to add locations and expand its consumer packaged goods business.

Financing

Vaccine mandates, fewer private parties bring slowing sales for Dave & Buster’s

By Heather Lalley on Dec. 08, 2021

The food-and-games chain said it saw same-store sales dip in Q3 in markets that required patrons to be vaccinated and that its special events business remains far from 2019 levels.

Financing

Retail concept Krispy Krunchy Chicken gets a growth investment

By Jonathan Maze on Dec. 07, 2021

Private equity firm Main Post Partners has made a “strategic growth investment” in the brand, which has a presence in 2,600 locations.

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