Sell Side Advisor
Duff & Phelps Consumer M&A Team Advised Eureka Restaurant Holdings on its Majority Recapitalization with Carolo Corporation
a portfolio company of
has completed a majority recapitalization with
In December 2019, Eureka Restaurant Holdings ("Eureka!" or the “Company"), a portfolio company of KarpReilly, LLC (“KarpReilly”), completed a majority recapitalization with Carolo Corporation (“Carolo”).
Duff & Phelps served as sell side advisor to Eureka! in connection with the transaction.
About Eureka!
Eureka! is an operator of bar forward and hyper-local polished casual restaurants. Eureka! encourages its guests to discover and explore its scratch kitchen, 100% American small-batch bar program, handcrafted award-winning cocktails, live music and contagious positive energy. Eureka! has opened 26 restaurants over the past 10 years across six states, executing a flexible real estate strategy, designing each restaurant to feel like the “go-to” neighborhood joint. Eureka! takes pride in its deliberate pursuit of genuine connections with every guest and every community it partners with. Ropes & Gray LLP served as legal counsel to Eureka!.
About KarpReilly
KarpReilly, LLC is a private investment firm, founded by Allan Karp and Chris Reilly, whose primary mission is to partner with premier small to mid-size consumer growth companies and help them achieve their long-term vision. Over the past 10 years, the principals of KarpReilly have invested in, sat on the boards of and nurtured over 25 consumer growth companies.
About Carolo
Grupo Carolo is a culture-driven operator of premium casual dining restaurants in Mexico. Carolo was founded in 2007 and operates 80 restaurants under the Gomcarlu, Le Macaron, Only O and Aromas Café brands. The Company was founded as a single deli/bakery and has since grown into a recognized and popular premium casual dining chain. Carolo’s mission is to deliver a complete lifestyle experience so that guests may share quality time with family and friends, enjoy the best food, and receive high quality service in a modern environment. The majority recapitalization of Eureka! gives Carolo a U.S.based platform to continue to grow its brand. Caype Abogados served as legal counsel to Grupo Carolo.
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
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.
Consumer Investment Banking
Consumer, Retail, Food and Restaurant expertise for middle-market M&A transactions. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.
Fairness and Solvency Opinions
Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022.
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.
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.
Private Capital Markets – Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
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.
Valuation
Valuation of businesses, assets and alternative investments for financial reporting, tax and other purposes.
Kroll's Consumer Investment Banking Team Advised Furlani on Its Sale to Entrepreneurial Equity Partners
