Duff & Phelps, A Kroll Business, Advised PPX Hospitality Brands on Its Investment from Bain Capital Credit
has received an investment from
On July 28, 2021, PPX Hospitality Brands (“PPX”), a Boston-based restaurant group, received an investment from Bain Capital Credit.
The Restaurant M&A practice of Duff & Phelps, A Kroll Business, served as exclusive financial advisor to PPX Hospitality Brands in connection with the transaction.
About PPX Hospitality Brands
Based in Boston, Massachusetts, PPX is a restaurant management group formed to be the stewards of iconic brands in hospitality. PPX is backed by Danu Partners (“Danu”), a Dublin-based investment holding company with investments across a broad range of business sectors. In March 2016, Danu acquired Smith & Wollensky Restaurant Group, a network of high-end steakhouses across the United States and select international locations committed to delivering unparalleled hospitality and the best USDA Prime steaks, dry-aged for tenderness and flavor and hand cut on site daily. In January 2020, Danu formed PPX Hospitality Brands and acquired Boston-based Strega Group followed by the acquisition of Boston-based Legal Sea Foods (“LSF”) in December 2020. LSF operates over 20 restaurants serving quintessential New England fare and over 40 varieties of fresh fish and shellfish. Troutman Pepper Hamilton Sanders LLP served as legal counsel to PPX.
About Bain Capital Credit
Bain Capital Credit is a leading global credit specialist with over $40 billion in assets under management. Bain Capital Credit invests across the full spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt and special situations, direct lending, structured products, non-performing loans and equities. Proskauer Rose LLP served as legal counsel to Bain Capital Credit.
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. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Fairness and Solvency Opinions
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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. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Comprehensive Due Diligence Solution
Our Comprehensive Due Diligence solution helps clients minimize risks and make the most informed business decisions. We support in the areas of tax, compliance and regulatory, ESG, operations/strategy, M&A, financial and accounting, investigations, disputes and cyber/IT risk.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.