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
- Legal: Klee Tuchin (Michael Tuchin, David Guess, Sasha Gurvitz) & (local) Richards Layton (Mark Collins).
- 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
- Legal: Vinson & Elkins LLP (Steven Abramowitz) & (local) Morris Nichols (Robert Dehney, Matthew Henry)
- 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)
- Term Loan A Agent: Cerberus Business Finance LLC
Updated - Done