Highlighted Transactions

Consumer

 

Cafe Rio, Inc.

Cafe Rio, Inc., a portfolio company of KarpReilly, LLC was acquired by Freeman Spogli & Co. Cafe Rio's existing management team will continue to lead the company and will retain a meaningful equity stake in the business. Terms of the transaction were not disclosed.

Piper Jaffray served as exclusive financial advisor to Cafe Rio, Inc. and KarpReilly, LLC.

Client Description

Founded in 1997 and headquartered in Salt Lake City, Utah, Cafe Rio specializes in serving the highest quality, made-from-scratch meals, using only the freshest ingredients. Its authentic dishes are inspired by recipes and traditional cooking found in Northern Mexico's Rio Grande region, Southern Texas and New Mexico. The company offers its customers a wide variety of menu items that are customized by using various proteins and sauces. Cafe Rio operates over 100 restaurants in eleven states, primarily across the western U.S..

Counterparty Description

Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related and distribution companies in the U.S.. Since its founding in 1983, Freeman Spogli has invested over $4.0 billion in 57 portfolio companies with aggregate transaction value of approximately $22 billion, and is currently making investments from FS Equity Partners VII, L.P. Freeman Spogli has offices in Los Angeles and New York.

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