NEW YORK Shareholders of the publicly held Smith & Wollensky Restaurant Group Inc. have agreed to sell the luxury steakhouse brand to a consortium consisting of Patina Restaurant Group principals Nick Valenti and Joachim Splichal and Bunker Hill Capital LP. The consortium agreed to pay $11 per share, or approximately $98 million for the eight-unit fine-dining company.SWRG had been the target of a bidding war earlier this year between Patina Restaurant Group here and Landry’s ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?