Sun Capital Sells Royal Robbins to Bruckmann, Rosser

Bruckmann, Rosser, Sherrill & Co. said Wednesday that it has acquired Royal Robbins. The seller was Kellwood Company, a Sun Capital Partners portfolio company. Financial terms were not announced. Modesto, Calif.-based Royal Robbins designs, makes and markets outdoor and retail apparel.

BRS Locks & Loads on Magpul Industries

New York-based private equity firm Bruckmann, Rosser, Sherrill & Co. made an investment in Magpul Industries, a Colorado-based maker of products for firearms. Specifics of the deal were not publicized. Integris Partners acted as exclusive financial advisor to Magpul in this transaction. SunTrust Bank, Regions Bank and Triangle Capital provided financing for the transaction.

Prospect Capital Closes $39M to Support Recap of Totes Isotoner

The New York-based investment firm Prospect Capital announced today that it has made a secured second lien investment of $39 million to support the recapitalization of Totes Isotoner, a company controlled by affiliates of MidOcean Partners and Bruckmann, Rosser, Sherrill & Co., LLC. Totes Isotoner, based in Cincinnati, Ohio, makes and distributes “functional” accessories, including […]

Sponsors Crowd Into Restaurants

Sponsor-backed restaurant deals proliferated in late May. The most high-profile deal was Golden Gate Capital‘s agreement, announced May 25, to take California Pizza Kitchen Inc. private for $470 million, more than a year after the company began looking for a buyer. Meanwhile, that same week, Buyouts reported that Bruckmann Rosser Sherrill & Co. agreed to […]

Il Fornaio Franchise Gets a New Owner

Bruckmann Rosser Sherrill & Co. has agreed to sell Il Fornaio, an owner of Italian restaurants and bakeries, to Roark Capital Group, a source close to the deal told Buyouts. Tracing its roots back to a baking school established in Italy in 1972, Il Fornaio owns and operates 21 full-services restaurants and two bakeries. Most […]

7-Eleven Buys Buffalo-based Convenience Store Chain

7-Eleven, the home of the Big Gulp, has paid an undisclosed amount for Buffalo, N.Y.-based convenience store chain Wilson Farms. 7-Eleven is buying the chain from the WFI Group, which is led by buyout firm Bruckmann Rosser Sherrill & Co., and the Nanula Family, which together have managed the stores since 2005. No terms of the deal were released. 7-Eleven is based in Dallas.

PE Firms Exiting Bravo Brio In Secondary Offering

Bravo Brio Restaurant Group Inc. has priced a secondary public offering of 4.1 million shares at $16.25 per share. Selling shareholders include affiliates of two private equity firms: Bruckmann Rosser Sherrill & Co. Management and Castle Harlan Inc. The closing of the offering is expected on April 1.

Rosser Plots First Fund… Again

Hal Rosser took his son and split from his longtime partners at Bruckmann, Rosser & Sherrill, at a key time to start evaluating deals in the consumer and retail space.

“We think the economy is turning,” Rosser told peHub. “There will continue to be lots of opportunities.”

Rosser Capital Partners, which plans to be located in Greenwich, Conn., is still looking for a placement agent, and Rosser said he expects to select one by the close of the first quarter.

Bruckmann Rosser Sherrill Wraps Seroyal Exit

Private equity firm Bruckmann Rosser Sherrill & Co. completed its sale of Seroyal to Atrium Innovations Inc. Seroyal sells nutritional supplements under the Genestra and Pharmax brands. The sale was the first exit for BRS Fund III, netting a gross IRR of approximately 77 percent.

IPO Market Continues Comeback, PwC Sees ‘Continued Momentum’ in New Year

Private equity firms and venture capital firms looking to gain liquidity and show off returns to LPs brought more companies to equities markets in 2010 than in either of the past two years, according to a PricewaterhouseCoopers IPO report. And they are heading out of 2010 with a bang.

PwC sees good times ahead. “[We] expect continued momentum in U.S. IPO market activity as we enter 2011,” Scott Gehsmann, a capital markets partner in PwC’s Transaction Services practice, said in a prepared statement.

The PwC report jibes with peHUB’s post last month that the “VC-backed IPO Market is Kicking Major Butt.”

Logan’s Roadhouse Files for $200 Million IPO

Logan’s Roadhouse, a Nashville, Tenn.-based chain of casual restaurants, has filed for a $200 million IPO. It plans to trade on the Nasdaq under ticker symbol LGNS, with Credit Suisse serving as lead underwriter. Shareholders include Bruckmann, Rosser, Sherrill & Co., Black Canyon Capital and Performance Equity Management. www.logansroadhouse.com

Ruth’s Hospitality Raises $25 Million PIPE

Bruckmann, Rosser, Sherrill & Co. has agreed to buy $25 million of convertible preferred stock in Ruth’s Hospitality Group Inc. (Nasdaq: RUTH), owner of several restaurant concepts including Ruth’s Chris Steak House. Proceeds will be used to pay down an existing credit facility.

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