Nick Valenti and Joachim Splichal of Patina Restaurant Group Acquire Smith & Wollensky
2007年8月30日 - 3:55AM
PRニュース・ワイアー (英語)
Partner with Bunker Hill Capital NEW YORK, Aug. 29 /PRNewswire/ --
Nick Valenti, CEO and Joachim Splichal, Chef and Founder, of the
Patina Restaurant Group, have joined with Bunker Hill Capital, L.P.
to acquire The Smith & Wollensky Restaurant Group, Inc.
(NASDAQ:SWRG). An acquisition vehicle formed by the group entered
into a definitive agreement to acquire SWRG via an all-cash merger
priced at $11.00 per share. Shareholders approved the deal and the
transaction closed effective August 28. "This has been a monumental
year of growth, and this acquisition is consistent with the
positioning of the rest of our business," stated Valenti and
Splichal. "Smith and Wollensky is a powerhouse brand with a premium
image and track record of excellence. We are also looking forward
to working with our partner, Bunker Hill Capital, to achieve our
strategic plans for growing this brand." According to Theresa Nibi,
a Managing Partner at Bunker Hill Capital, "We look forward to our
partnership with Nick and Joachim, who have a long and successful
track record of managing and growing restaurant concepts. Smith
& Wollensky is one of the most widely recognized and highly
regarded restaurant brands in the United States, and we are excited
to expand the concept by opening new locations across the country."
Valenti and the principals of Bunker Hill Capital have had a
relationship dating back to 1996, and Valenti is a member of Bunker
Hill Capital's Executive Council. About Patina Restaurant Group The
Patina Restaurant Group (http://www.patinagroup.com/) is the
nation's leading multi-concept operator in the premium segments of
the restaurant and food service industry. In New York City its
portfolio includes the world-famous Ice Rink and The Sea Grill at
Rockefeller Center; the Brasserie; and the Grand Tier at the
Metropolitan Opera House. On the West Coast the portfolio includes
the renowned Patina Restaurant in Walt Disney Concert Hall; Nick
& Stef's Steakhouse; Catal and three other restaurants in the
Anaheim Disneyland Resorts Downtown Disney District(R); Leatherby's
Cafe Rouge at the Orange County Performing Arts Center; Julia's
Kitchen at COPIA in Napa; Pinot Brasserie in Las Vegas; and
catering and food service in museums and cultural centers
throughout Southern California. Press contact: Tanja Yokum 5W
Public Relations (212) 584-4392 DATASOURCE: Patina Restaurant Group
CONTACT: Tanja Yokum of 5W Public Relations, +1-212-584-4392, Web
site: http://www.patinagroup.com/
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