Buy Side Advisor

Duff & Phelps Advised CraftWorks on Its Recapitalization Transaction to Finance the Acquisition of Logan’s Roadhouse

On November 1, 2018, CraftWorks Restaurants & Breweries ("CraftWorks", or the "Company"), a portfolio company of Centerbridge Partners, L.P. ("Centerbridge"), obtained a new $130 million term loan in conjunction with its acquisition of Logan's Roadhouse, Inc. ("Logan's").

Duff & Phelps served as buy-side financing advisor and placement agent to CraftWorks Restaurants & Breweries in conjunction with raising a $130 million first lien term loan credit facility. 

About CraftWorks Restaurants & Breweries
Headquartered in Broomfield, Colorado, CraftWorks is a leading operator of brewery and craft beer-focused casual dining restaurants. The Company has 189 corporate and franchise restaurants in 36 states and the District of Columbia, across brands such as Old Chicago Pizza & Taproom, Rock Bottom Restaurants & Breweries, Gordon Biersch Brewery Restaurants and Big River Grille & Brewing Works among other brands. 

About Centerbridge Partners, L.P.
Centerbridge Partners is a private investment management firm employing a flexible approach across investment disciplines  – from private equity to credit and related strategies, and real estate – in an effort to find the most attractive opportunities for its investors and business partners. With offices in New York and London, the firm was founded in 2005 and as of June 2018 has approximately $28 billion in capital under management. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives.

About Logan's Roadhouse, Inc.
Logan's Roadhouse is a leading casual dining steakhouse headquartered in Nashville, Tennessee. Offering mesquite wood-fire grilled steaks, signature yeast roll and American-inspired signature favorites for over 25 years, Logan's has 204 corporate and franchise restaurants in 22 states.

 


Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Consumer Investment Banking

Consumer, Retail, Food and Restaurant expertise for middle-market M&A transactions.


Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.


Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.

Investigations and Disputes

World-wide expert services and tech-enabled advisory through all stages of diligence, forensic investigation, litigation, disputes and testimony.

Valuation

Valuation of businesses, assets and alternative investments for financial reporting, tax and other purposes.


Tax Services

Built upon the foundation of its renowned valuation business, Kroll's Tax Service practice follows a detailed and responsive approach to capturing value for clients.

See All Case Study