LLC, is the franchisor and operator of more than 430 Hooters restaurants in 38 states and 27 countries. As rising wages and operating costs push chains to increase menu prices, consumers are trading down and seeking more value-focused dining options. David is the Chief Marketing Officer of Friendlys Restaurants and BRIX Holdings, LLC. /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png, Selling investors retain stake in breastaurant brand, 2023 Informa USA, Inc., All rights reserved, NRN editors talk about the NRAs recent report, what happens when children are banned from restaurants, and celebrity marketing, Duffys Sports Grill Mastered Gift Cards in a Flash, Examining new ways to collect restaurant guest data, It's time to Roll Up to Win at Tim Hortons with exciting new prizes, Subway opens new dual headquarters building in Miami, Menu Tracker: New items from Burger King, KFC, and Chipotle, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Nations Restaurant News launches new CREATE Roadshow event series, P.F. Prior to joining Amici Partners, John served as Chairman of Rave Cinemas and Chairman and CEO of Blockbuster, Taco Bell and Circle K. JAMCO is also the principal owner of BRIX Holdings, LLC and John is Chairman of BRIX. This added revenue is a major impetus behind the growth of virtual brands in general. Hooters in February 2017 opened a fast-casual spinoff of its casual-dining restaurant, called Hoots, in Cicero, Ill., without the signature breastaurant wait staff. We are pleased with the early results of our new fast casual concept and plan additional openings later this year, Marks said. Roberto is the Chief Experience Officer for Friendlys Restaurants and BRIX Holdings, LLC. Lines and paragraphs break automatically. William Pepper, Principal, Nord Bay Capital, stated: Hooters is an iconic global brand that has shown strong financial growth and development. Anthony was involved in making TriArtisan's investments . The first TGI Fridays restaurant opened in 1965 in New York City, building a brand known for handcrafted American food and legendary drinks, served with genuine personal service. Changs Tech Investment Boost Amid Labor Crunch, P.F. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds. Let Restaurant Dive's free newsletter keep you informed, straight from your inbox. Larry previously served as Chief Financial Officer of P.F. With more than 20 years of experience as a financial and operational leader for global organizations, Pam is the Chief Financial Officer for BRIX Holdings, LLC. Heres what the data shows. Chang's in March 2019 and later that year bought Hooters of America in a joint deal with Nord Bay Capital. TriArtisan partners with world class management teams to support them in building their businesses and achieve attractive returns for its institutional and management partners. Damola Adamolekun, P.F. Registered in England and Wales. Capital (H.I.G.), Chanticleer Holdings (NASDAQ: BURG) and other investors. Chang's is growing its To Go concept, which was first announced last year and offers takeout, delivery and catering from smaller footprints in high-density urban markets. Piper Jaffray & Co. served as Carlsons financial advisor for this transaction and Locke Lord LLP served as legal counsel. The proceeds of the deal are expected to help T.G.I.. Use the CB Insights Platform to explore TriArtisan Capital Advisors's full profile. Le Vieil Abreuvoir. . Chang's is Bringing its Slimmed-Down Takeout and Delivery Restaurant to the D.C. No matter how deserving a business was of flotation, momentum was halted by concerns of when a new normal of working patterns and trade would set in. Prior to joining TriSpan in 2019, Anthony was a Managing Director at TriArtisan Capital, where he spent seven years focusing on investments in Restaurants, Consumer & Retail and Industrials. On July 1, 2019, family office Nord Bay Capital and private equity firm TriArtisan Capital Advisors acquired restaurants company Hooters of America LLC from H.I.G. "We want to see C3s brands in more restaurant kitchens and were proud to be part of the digital kitchen revolution by investing in C3s vision. Private-equity firm TriArtisan Capital Advisorsrevealed Friday that it has invested $10 million inC3and will bring its concepts thatinclude Umami Burger, Krispy Rice and others into itsrestaurants asdelivery-only offerings. To share that social Fridays experience all over the world, TGI Fridays proudly serves guests with over 900 restaurants in more than 60 countries. 646-677-1808, Daves Hot Chicken Teams Up with Scream VI for a Killer Partnership, Buddys Pizza To Open New Grand Rapids Location on March 6, Marks Third in West Michigan, Chef Pams Kitchen Heats Up Market with New Franchise Opportunity, Jersey Mikes Tops Competition for Sandwich Quick Serve Restaurant in Market Force Informations 2022 Study, Cracker Barrel Old Country Store Welcomes Spring with New Value-Forward, Craveable Menu Items, Pizza Guys Continues Growth Momentum Across West, Restaurant Marketing CEO Matt Plapp Featured on History Channel Food Show, Capital Tacos to Open First Two Locations in Georgia, Deliciously Unique Candy Shop Franchise, Sugar Kingdom, Announces Sales Launch, Interface Announces Technology Acceleration Program for Franchise Brands & Franchisees, Grumpys Restaurant Opens Newest Location in Crossings at Wildlight Shopping Center, Hat Creek Grills Up New BBQ Burger for Spring, Harrison Appoints Keith Anderson as New Global CEO, Dickeys Restaurant Brands: 2022 Round Up, Clemson Zaxbys Reopens as To-Go-Only Prototype, Eco-Products Earns Industry First for Compostable Packaging with No-Added PFAS, PizzaForno Kicks off 2023 With Over 500 Units Committed: Launching in Atlanta, Northern California, San Antonio and Mobile, Taco Mesita Brings Gourmet Fast Food to Tustin, WaBa Grill To Expand in Arizona With 10-Store Development Deal, Bruxie Is Bringing Its Unique Waffle Sandwiches, Chicken Tenders & Cool Vibes to Georgia This Spring, TOUS les JOURS Opens in Great Neck, New York, Krystal Menu Gets Sweet and Spicy with New Donut-Glazed Items, The St. Regis Deer Valleys Signature Restaurant, Rime, Named a 2023 Best Restaurant in Utah by Salt Lake Magazine, Its Time to Roll Up to Win at Tim Hortons with Exciting New Prizes, Kitchen United Mix is Now Open in Santa Monica, Waffle Irons and Personalized Delivery Service Provided at No Cost with Golden Malted #1 Waffle for Restaurants, Scott Harris Hospitality Debuts BBQ with Grand Opening of Smokeshow BBQ, Noodles by Numbers Countdown to National Eat Your Noodles Day at JINYA. JAMCO is a member of TriArtisan TGIF Partners LLC, the majority owner of TGIF Holdings LLC which owns and operates TGI Fridays with over 900 restaurants in 60 countries worldwide. East Coast Wings + Grill Signs Franchise Agreement to Expand in Clemson, SC, ClearCOGS Unveils ChatGPT AI Operations Manager Live in Las Vegas, Uno Restaurants Strikes Deal To Sell Its Uno Foods Division to Great Kitchens, Celebrate Jersey Mikes 13th Annual Month of Giving in March. Chang's, said one of the people, who asked to not be identified because the matter . This transaction is a win for all parties and we are excited and confident that under Sentinels ownership Fridays will continue to experience significant growth and capitalize on new opportunities. The parent company of TGI Fridays, P.F. P.F. The firm invests in companies with EBITDA of $25-300 million across multiple industries including consumer, retail, business and professional services, industrial, media, and healthcare. Chang's China Bistro Inc.. clientservices@triartisan.com, 2018, TriArtisan Capital Advisors, LLC, All Rights Reserved.. TriArtisan Capital Advisors is an established, New York-based private equity investing firm. De Santis has more than 15 years of experience as a technology and operational leader for global restaurant organizations and, prior to joining Friendlys Restaurants and BRIX Holdings, she was most recently Chief Information Officer at Dickey's Barbecue Restaurants, Inc., where she led the technology group driving significant growth across all their channels and brands. Red Lobster, P.F. TriArtisan partnered with Paulson & Co. Inc. in March to acquire Scottsdale, Ariz.-based P.F. clientservices@triartisan.com, 2018, TriArtisan Capital Advisors, LLC, All Rights Reserved., Acquisition of EnergySolutions by TriArtisan Capital Advisors Closed, EnergySolutions Announces that TriArtisan Capital Advisors to Acquire Majority Ownership of the Company, Brookfield Properties Opens Manhattan West, New York City's Newest Destination For Food, Culture And Hospitality, P.F. Attracting this demographic specifically could provide "a road map for legacy brands to reinvent themselves,"Manocha said. The investment is part of an $80 million funding round secured by C3 earlier this month. Were excited to work with Terry, his senior leadership team, along with the Hooters global franchise community and employees to drive continued success in the years to come., Rohit Manocha, founding partner at New York-based TriArtisan, called Hooters a true innovator in the chicken wing space for over 35 years.. Carlson acquired TGI Fridays in 1975 when the brand had just 12 restaurants. Triartisan Capital Advisors is in exclusive talks to acquire Chinese food restaurant P.F. Prior to that, she led all restaurant technology for the global TGI Fridays chain, where she focused on improving and integrating all systems-enabled initiatives for their in-store experiences. The parent company of TGI Fridays, P.F. FRIENDLYS name, design and related marks are trademarks of DFA Dairy Brands IP, LLC. She also served as the Vice President and Controller for On the Border Mexican Grill & Cantina, a chain of Tex-Mex casual dining restaurants. Additionally, throughout his career, he has held positions in hospitality, training, food and beverage, culinary, operations, and international franchise development. TriArtisan Capital Advisors 830 3rd Avenue, Floor 4, New York, New York 10022 United States (212) 609-0620 www.triartisan.com clientservices@triartisan.com Profile M&A Activity (6) Portfolio (6) Team (3) Offices (1) M&A Connections (6) M&A Advisors (3) Analytics While there, he led the concept adaptation, development and opening of restaurants across 30 countries. I am pleased that all will remain invested in HOA, which speaks to their confidence in the brands positive trajectory and future upside.. The first Hooters opened its doors in 1983 in . TriArtisan Capital is a New York, New York -based private equity firm. Dawn is the Chief Operating Officer for Friendly's Restaurants, which operates over 130 (company operated and franchised) friendly, full-service restaurants serving signature entrees, burgers, sandwiches, and hand-crafted, specialty ice cream. TriArtisanbought TGI Fridays in 2014 in a joint deal with Sentinel Capital Partners. Mitzi is a member of JAMCO Interests LLC, which is the majority owner of Amici Partners Group, LLC which owns and operates Friendlys and principal owner of BRIX Holdings. GlobalDatas focus lies in the critical areas to get right: Future-proofing food processing and packaging, Leading innovators in edible seed preservatives for the consumer industry, Leading innovators in shrimp cultivation for the consumer industry, Leading innovators in legume-based milk alternatives for the consumer industry, US restaurant firm Dine Brands Global records fall in 2022 profit, KFC relaunches Double Down Sandwich after almost a decade, Swiggy divests cloud kitchen business Swiggy Access, Kiwibot secures financing to increase robotic fleet, Tyme and PopID partner to add biometrics to self-checkout kiosks, Papa Johns International reports revenue increase in 2022, FAT Brands reports 39.9% revenue increase in Q4 2022, Resolving the health issues from mineral oil inks in packaging, A significant shift to better quality instant coffee, Macroeconomic and demographic environment. The Fridays guest recognition program, Give Me More Stripes, gives Fridays closest friends exclusive insider rewards, special event access, and menu sneak peeks, and is not only the first loyalty program of its kind in the industry, but one of the most progressive. Sentinel, who will be TGI Fridays majority shareholder, has extensive restaurant and franchising investment experience and a demonstrated ability to create successful independent businesses through complex corporate carve outs. Ben Gardeen, +1 763-212-8129 Opening this November, C3's World Renowned Chefs Including Dario Cecchini, Dani Garca, and Masaharu Morimoto are Set to Grace the 16-Stall, 26,000 Square Foot Complex, Providing Inspired Offerings and International Flavor to Brightline Passengers and the Local Miami Community August 31, 2021 Read More C3 estimates that a partnership would generate about $1 million in extra revenue for each restaurant.By turning physical kitchens digital and creating shared spaces, we are revolutionizing the food and beverage industry as we know it and having prominent industry leaders like TriArtisan Advisors recognize and support our vision will always feel like a game-changing moment for us, Sam Nazarian, founder and CEO of C3 told Nations Restaurant News.