Because nobody can predict a global pandemic that will cause loss of life and massive business disruption, arriving at a going-concern outcome for Bar Louie in light of the circumstances is something that we are pleased to have played a role in at Configure.
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce the successful closing of the sale of Bar Louie Restaurant Operations, LLC (“Bar Louie” or the “Company”), a preeminent gastro-bar operator and franchisor, to Antares Capital LP (“Antares”) and MidCap Financial, LLC (“MidCap”), pursuant to the §363 of the U.S. Bankruptcy Code. Despite complications stemming from the COVID-19 pandemic that resulted in mandatory shutdowns and reduced foot traffic to the restaurants during the sale process, a going-concern transaction was preserved and the sale was consummated. Configure acted as the exclusive investment banker to Bar Louie in connection with the sale to Antares and Midcap.
Vin Batra, a Managing Director at Configure commented, “Bar Louie generated significant third-party interest owing to its strengthened, profitable footprint in a post-emergence setting. The high cash-on-cash returns and a differentiated brand also helped in a superior transaction value.”
Jay Jacquin, another Managing Director at Configure added, “Because nobody can predict a global pandemic that will cause loss of life and massive business disruption, arriving at a going-concern outcome for Bar Louie in light of the circumstances is something that we are pleased to have played a role in at Configure. It was truly a team effort amongst management, the professionals, as well as Antares and MidCap to effectively pivot during the sale process to preserve jobs, value, and position the company for future success.”
About Bar Louie (barlouie.com)
Bar Louie is a leading casual dining brand founded in the early 1990s in Chicago, IL. Over the course of two decades, the concept transformed into a regionally-branded “gastrobar” with over 70 locations nationwide. Bar Louie provides an enhanced bar experience through its signature offering set of tavern-centric fares, hand-crafted cocktails, and a lively atmosphere. Sun Capital Partners acquired the Company in 2010 to help fund further growth, before ultimately selling the business to Antares and MidCap. For more information, please visit www.barlouie.com.
About Configure Partners (configurepartners.com)
Configure Partners is a preeminent credit-oriented middle-market advisory boutique with offices in Atlanta and New York City. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges. Securities offered through our affiliate, Configure Partners Securities, LLC, member FINRA/SIPC. Principals of Configure Partners are registered representatives of Configure Partners Securities, LLC.
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