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New Filing - Garden Fresh Restaurant Intermed. Holdings LLC

Garden Fresh Restaurant Intermed. Holdings LLC

  • 10/3/16 Recap: Operator of 123 farm-sourced self-serve restaurants under the Souplantation & Sweet Tomatoes brands seeks expedited sale after suffering cash flow pressure from sector headwinds, workers' comp liability, minimum wage and health benefit pressures and rent increases.  
  • 8/8/17 Update: Perpetual Capital Partners and CR3 Capital LLC acquired the reorganized company for an undisclosed amount.
  • Jurisdiction: D. of Delaware
  • Capital Structure: ~$195mm of funded debt     
  • Company Professionals:
    • Legal: Morgan Lewis (Neil Herman, James Moore, Benjamin Cordiano, Katherine Lindsay) & (local) Young Conaway (Kenneth Enos, Michael Nestor, Ian Bambrick, Michael Neiburg, Travis Buchanan)
    • Financial Advisor: RAS Management Advisors LLC (Timothy Boates, Michael Rizzo)
    • Investment Banker: Piper Jaffrey (Teri Stratton, Peter Schwab, Jean Hosty, John Twichell, Jason Wang, Cooper Ziecik, Galen Hand)
    • Real Estate Advisor: Hilco Real Estate LLC (Ryan Lawlor)
    • Claims Agent: Epiq Bankruptcy Solutions, LLC
  • Other Parties in Interest:
    • Term Loan A Agent: Cerberus Business Finance LLC
    • Term Loan B Agent & DIP Lender: Cortlandt Capital Market Services LLC
      • Legal: Holland & Knight LLP (Barbra Parlin) & (local) Pachulski Stang (Laura Davis Jones)
    • Term Loan C and Term Loan D Agent: Apollo Investment Management
    • Other Lenders:
      • Ares Capital Corporation, Beach Point Capital, Sun Capital
    • UCC:
      • Legal: Kelley Drye & Warren LLP (Lauren Schlussel, Jason Adams, Eric Wilson, Scott Fleisher, Charlie Liu) & (local) Drinker Biddle & Reath LLP (Steven Kortanek, Joseph Argentina, Robert Malone)
      • Financial Advisor: Province Advisors (Paul Huygens, Thomas Jones, Carol Cabello, Jorge Gonzalez, Jin Dong)

Updated - Done