“The Company needed to evaluate a multitude of alternatives – both traditional and hybrid approaches – and then had to quickly pivot as the impact of the pandemic became clear in order to arrive at a successful transaction.”
Configure Partners Announces Successful Debt Restructuring Engagement for a Casual Dining Concept
June 2, 2020
Atlanta, GA — Configure Partners is pleased to announce the successful completion of a strategic advisory and debt restructuring engagement for a leading casual dining concept. Configure was retained by the Company to assess and evaluate all potential transaction alternatives. By leveraging its vast M&A, special situations, capital markets, and transaction valuation experience, Configure helped the Company execute a transaction in which the Sponsor acquired all of the Company’s existing bank debt at a discount. More importantly, the transaction was executed amidst the COVID-19 pandemic with significant business uncertainties.
Vin Batra, a Managing Director at Configure, commented, “This transaction was a “win-win” for all stakeholders and took into account market valuations, liquidity needs, lease re-negotiations, and execution costs. Configure’s credibility in the restaurant sector significantly helped in the execution of this transaction.”
Jay Jacquin, a Managing Director at Configure, added, “Configure’s credit-oriented focus along with its special situations expertise was particularly important in this transaction. The Company needed to evaluate a multitude of alternatives – both traditional and hybrid approaches – and then had to quickly pivot as the impact of the pandemic became clear in order to arrive at a successful transaction.”
About – 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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