Brentwood Associates Acquires Majority Stake in Sundance

Brentwood Associates, a consumer-focused private equity investment firm based in Los Angeles, has acquired a majority stake in Sundance Holdings Group. Sundance Catalog, founded by Robert Redford in 1989 and headquartered in Salt Lake City, Utah, is a multi-channel direct marketer and specialty retailer of women’s accessories, jewelry and home furnishings. Selling shareholders, including ACI […]

Brentwood Closes Second Dividend Recap of The Teaching Co.

Brentwood Associates said Tuesday that it has completed its second dividend recap of The Teaching Company Holdings. The deal was financed through a $170 million credit facility. Brentwood, a consumer focused PE firm, said it has realized a return in capital in excess of its original investment. Ares Capital Corp. provided the incremental financing for […]

Brentwood Associates Backs Veggie Grill

Santa Monica, Calif.-based Veggie Grill has raised $11 million in new equity funding. As part of the deal private equity firm Brentwood Associates also agreed to provide additional funding over the next year-and-a-half. Veggie Grill is a restaurant chain focused on American comfort food.

Brentwood Associates Recaps The Teaching Co.

Consumer-focused private equity firm Brentwood Associates has recapitalized its portfolio company The Teaching Company Holdings Inc. with a $170 million credit facility, the firm said. The financing was provided by the Senior Secured Loan Program, which is jointly managed by Ares Capital Corporation and an affiliate of GE Capital. The recap provides Brentwood a return on its original investment without changing its ownership stake, the firm said in a statement. The Teaching Company is based in Chantilly, Virginia.

Deal Scoop: Olympus Sells K-Mac To Brentwood Associates

After nearly seven years, Olympus Partners has sold K-Mac Holdings, which is the third largest Taco Bell franchisee in the U.S.

Stamford, Conn.-based Olympus Partners, a middle market PE firm, did not reveal financial terms or the buyer. Olympus did sell its majority stake in K-Mac, making an eight time return on its equity investment.

The transaction closed late yesterday, says Paul Rubin, an Olympus partner. He declined to disclose the buyer.

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