Remington Arms Readies for 3rd Century of Business by Entering into Definitive Agreement for Sale
MADISON, N.C., April 5, 2007 – Remington Arms Company, Inc. the only manufacturer of both firearms and ammunition for Hunting, Law Enforcement/Security, Government & Military applications in the United States, announced that it will be acquired by an affiliate of Cerberus Capital Management, L.P. as part of a definitive agreement between Cerberus and RACI Holding, Inc. for an estimated value of $370 million before transaction related fees and expenses. The transaction marks the end of...
MidOcean Partners, Bruckmann, Rosser Sherrill and Management Complete totes Isotoner Recapitalization
NEW YORK, January 31, 2007 – MidOcean Partners (MidOcean) and Bruckmann, Rosser, Sherrill & Co., LLC (BRS), today announced the completion of the previously announced recapitalization of totes»Isotoner Corporation, a leading designer and marketer of branded functional accessories whose cold weather products, footwear, rainwear, and sunglasses are readily recognized throughout North America and Europe. The transaction is valued at approximately $288 million. MidOcean now owns a majority stake in the company, with BRS and the current...
MidOcean Partners, BRS and Management Announce Recapitalization of totes»Isotoner
NEW YORK, December 18, 2006 – MidOcean Partners (MidOcean) and Bruckmann, Rosser, Sherrill & Co. (BRS), two premier private equity firms, today announced the recapitalization of totes»Isotoner Corporation, a leading designer and marketer of branded functional accessories whose cold weather products, footwear, rainwear, and sunglasses are readily recognized throughout North America and Europe. Upon completion of the transaction, MidOcean will own a majority stake in the company. BRS, an existing investor, and the current totes»Isotoner senior...
BRS, Canyon and Black Canyon Complete Acquisition of Logan’s Roadhouse, Inc.
NASHVILLE, Tenn. (Dec. 6, 2006) — Logan's Roadhouse, Inc. today announced completion of the company's purchase by a group consisting of Bruckmann, Rosser, Sherrill & Co. Inc. (BRS), of New York, Los Angeles-based Canyon Capital Advisors LLC and Black Canyon Capital LLC, and members of Logan's management. Those members of management now have an ownership stake in the company, which was formerly a part of CBRL Group, Inc. "The announcement today is a milestone for our...
totes»Isotoner Corporation Completes Acquisition of ESNY Assets; BRS Completes Recapitalization
New York, October 6, 2006 - totes»Isotoner Corporation (“totes” or the “Company”), a Portfolio Company of Bruckmann, Rosser, Sherrill & Co. (“BRS”) and a leading designer, distributor and retailer of high-quality, branded umbrellas, gloves, hats, scarves, rubber footwear and slippers, acquired the ESNY assets from E.S. Originals, Inc. ESNY, based in New York, is leading a provider of branded and private label casual footwear such as sandals, flip-flops, thongs and slippers to department stores, national...
BRS and GB Merchant Partners Complete Acquisition of Things Remembered, Inc.
NEW YORK, September 29, 2006 - Bruckmann, Rosser, Sherrill & Co. (“BRS”) and GB Merchant Partners, LLC, the private equity affiliate of Gordon Brothers Group, today announced the acquisition of Things Remembered, Inc., the leading specialty retailer of personalized giftware for all celebratory occasions. The business was purchased from Cole National Group, Inc., a subsidiary of Luxottica Group S.p.A. Headquartered in Highland Heights, Ohio, Things Remembered is the nation's largest personalized gift chain. The Company provides...
BRS Completes Sale of Real Mex Restaurants to Sun Capital Partners
NEW YORK, August 21, 2006 - Bruckmann, Rosser, Sherrill & Co. (“BRS”) today announced the completion of the sale of portfolio company Real Mex Restaurants, Inc. (“Real Mex”) to Sun Capital Partners. Piper Jaffray & Co, Deutsche Bank A.G. and Wachovia Corp. served as financial advisors to Real Mex on the transaction. Real Mex is the largest full-service, casual dining Mexican restaurant company in the United States with almost 200 company-owned restaurants operating in more than...
BRS and Castle Harlan Complete Purchase of Upscale Casual Italian Restaurants
NEW YORK, July 5, 2006 – Two New York-based private equity investment firms, Bruckmann, Rosser, Sherrill & Co. (BRS) and Castle Harlan, Inc., announced today that their joint acquisition of Bravo Development Inc., operator of 50 upscale casual Italian restaurants, has been completed. Terms of the transaction were not announced. Bravo, based in Columbus, Ohio, operates 19 Brio Tuscan Grilles and 31 Bravo! Cucina Italiana restaurants. They are located in 19 states, primarily in the Midwest...
Town Sports International Holdings, Inc. Prices Its Initial Public Offering
NEW YORK, June 2 /PRNewswire-FirstCall/ -- Town Sports International Holdings, Inc. (Nasdaq: CLUB - News) today announced that its initial public offering of 8,950,000 shares of common stock has been priced at $13.00 per share. Town Sports International Holdings, Inc. is selling 7,650,000 shares of common stock and certain selling stockholders are selling the remaining 1,300,000 shares to certain specified purchasers. In addition, the underwriters have been granted an option to purchase a maximum of...