Right when Your Pie needed a fast, large infusion of capital “to provide infrastructure so we didn’t out-punt our coverage,” Georgia Oak Partners made a significant, undisclosed investment in the brand, founder Drew French said. The deal also brought experienced operators to Your Pie, like chairman David Barr, former chief financial officer and chief executive of Great American Cookies and a board member of five other restaurant franchisors or franchisees.
The 2012 initial public offering by Chuy’s Holdings Inc. repaid the company’s long-term debt, so cash flows are now used to fund growth. Chief executive Steve Hislop said Chuy’s is focused both on this and on maintaining good returns for shareholders.
Le Pain Quotidien
Expansion is funded with cash flow from sales of existing restaurants. The mostly European shareholders have made long-term commitments to the company, terms of which were not disclosed.
Bojangles' Famous Chicken 'n Biscuits
Bojangles’ Famous Chicken ’n Biscuits has taken advantage of just about every financing option available, from Small Business Administration lending to major private equity investments.
Soon after its founding it was acquired by a public company, then soon taken private by a Silicon Valley, Calif., venture capital group. Later, a private investor group took control using securitized financing.
Next, private equity firms Falfurrias Capital Partners and Advent International completed separate deals for ownership, terms of which were not disclosed.
Now Bojangles’ uses build-to-suit financing as its primary tool of growth. Franchisees use a mix of SBA loans and conventional lending.