Retail Sector

TM Capital has developed extensive retailing expertise by completing the many transactions listed below for major retailers across a range of retail categories.

Smith & Wollensky Completes Sale
TM Capital advised the Special Committee of the Board of Smith & Wollensky (NASDAQ) on the Company’s $98 million sale to a consortium led by Bunker Hill Capital, L.P.
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Oceanaire Completes Equity Financing
TM Capital advised the Special Committee of the Board of Directors of The Oceanaire, Inc. on the Company’s private placement to existing investors led by Clarion Capital Partners
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Boss Completes Stock Deregistration
TM Capital advised Boss Holdings, Inc. (OTCBB) in connection with its deregistration of its common stock
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Lee's Completes Debt Financing
TM Capital assisted Lee's Famous Recipes, Inc. in arranging a debt financing consisting of a senior term loan and revolving credit facility provided by Cratos Capital Partners
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Benihana Declares Stock Dividend
TM Capital advised the Board of Directors of Benihana Inc. (NASDAQ) on the Company’s three-for-two stock split in the form of a Common stock dividend paid to both Common and Class A stockholders
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LUBExpress Acquired by Galena Associates
TM Capital advised LubExpress Operating Co., Inc. in its sale to an affiliate of Galena Associates LLC, the largest franchisee of Valvoline Instant Oil Change locations
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Syms Completes Self-Tender Offer
TM Capital assisted Syms Corp. (NYSE) in completing a self-tender offer and acted as Dealer Manager for the offer
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Mrs. Winner's Acquired by Lee's
TM Capital completed the sale of Winners International, Inc., an operator and franchisor of quick-service restaurants, to Lee's Famous Recipe, Inc.
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National Vision Acquired by Berkshire
TM Capital advised National Vision, Inc. (AMEX) in its sale to Berkshire Partners and its simultaneous acquisition of Consolidated Vision Group in transactions with an aggregate enterprise value of $190 million
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RTM Acquired by Triarc Companies
TM Capital advised RTM Restaurant Group, the largest Arby's® restaurant franchisee, in its sale to Triarc Companies (NYSE) for an enterprise value of approximately $725 million
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Electronics Boutique Divests BC Sports
TM Capital assisted Electronics Boutique (NASDAQ) in completing the sale of its BC Sports Collectibles division to Sports Collectibles Acquisition Corp.
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McCurdy's Stores Acquired by May
TM Capital completed the $50 million sale of the McCurdy's department store chain to The May Department Stores Company (NYSE)
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Foodarama Stores Sold to Grand Union
TM Capital completed the $20 million sale of the NY division of Foodarama Supermarkets, Inc. (AMEX) to Grand Union Co.
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Foodarama Debt Restructuring
TM Capital assisted Foodarama Supermarkets, Inc. (AMEX) in completing a $51 million debt restructuring
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Wolf Camera Acquired by Ritz
TM Capital assisted Wolf Camera, Inc. in its section 363 bankruptcy sale to Ritz Camera Centers, Inc.
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Grossman's Restructuring
TM Capital assisted Grossman's Inc. (NASDAQ) in arranging $61 million of debtor-in-possession and equity financing
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Riverside Completes Debt-Equity Exchange
TM Capital advised the Riverside Group, Inc. (OTC) regarding an exchange of $13.9 million of indebtedness for an equity interest in Wickes Inc.
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Hickory Farms Valuation Analysis
TM Capital advised Hickory Farms, Inc. in connection with the valuation of its common equity
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Mayor's Board of Directors Re-Elected
TM Capital advised the Board of Directors of Mayor's Jewelers, Inc. (AMEX) in resolving a proxy contest which resulted in the re-election of all of the company's directors
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Jan Bell Completes Public Offering
TM Capital assisted Jan Bell Marketing Inc. (NASDAQ) in completing a $98 million follow-on public offering of its common stock
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Chappell's Acquired by Bon-Ton Stores
TM Capital completed the bankruptcy sale of certain assets of C.E. Chappell & Sons, Inc. to The Bon-Ton Stores, Inc. (NASDAQ)
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Lechters Completes Refinancing
TM Capital advised Lechters Inc. (NASDAQ) regarding a $65 million equity and debt financing
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Benihana Inc. Capitalization Study
TM Capital provided the board of directors of Benihana Inc. with a study of its capitalization and recapitalization alternatives
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