Capstone Partners served as exclusive financial advisor to Back Bay Restaurant Group, Inc. and negotiated the sale of five restaurant concepts to Tavistock Restaurants, LLC.
Back Bay, a leading multi-concept restaurant company, develops, owns and operates full-service restaurants across several unique dining concepts in the upscale casual-dining and fine dining segments.
Capstone Partners oversaw the divestiture of Back Bay’s Abe & Louie’s, Atlantic Fish, Charley’s, Coach Grill and Joe’s American Bar & Grill.
Back Bay has retained the Papa Razzi restaurant concept, a leading northern Italian trattoria with 10 restaurants located in Massachusetts, Rhode Island, New York, New Jersey and Washington DC.
Tavistock Restaurants manages a broad portfolio of restaurant concepts and is a division of the Orlando-based investment firm Tavistock Group.
[Capstone Partners’s] dedication, commitment and knowledge of the restaurant industry were instrumental in achieving the best possible outcome. Despite very challenging market conditions, [Capstone Partners] orchestrated the successful sale of our restaurants to two separate strategic parties focused on the long term growth of these iconic restaurant brands.
