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The founding partners collectively have more than 20 years of experience
in the franchise finance industry and have worked on more than $4.5
billion in transactions. Most recently, they were senior members
of the team that orchestrated the system-wide franchise restructuring
programs for Burger King Corporation and Taco Bell Corp. Our trademark is to deliver outstanding results based on comprehensive
empirical analysis and creative deal making. We are looking forward
to discussing strategies with you to increase the long-term value
of your enterprise. The buyout was followed by a sale lease-back transaction and finally by a refinance of
the acquisition bridge loans and preferred stock. The new capital structure also includes
a development line of credit, which will allow the Englers to accelerate their asset development
plans in the Pizza Hut side of the business. Auspex Capital acted as the financial advisor
to the Englers, Border Foods and Sky Ventures, as well as the structuring and placement agent
for the bridge loan, preferred stock, sale lease-back, senior term loans, and development lines
of credit. AIP, LLC completes buy-out - July 2005 AIP, LLC, a newly formed Washington limited liability company, recently completed the acquisition of 13 Taco Bell restaurants from Seattle, WA based Olympic Foods of Washington, Inc. All 13 restaurants are located in the Seattle metropolitan area. Kurtis Holmes, Olympic Foods’ long time director of operations, engineered the buyout and is the CEO and principal shareholder of AIP. The acquisition financing was provided by GE Capital Franchise Finance. Auspex Capital acted as M&A advisor to AIP and also assisted management with the structuring and placement of the acquisition term loan. PJ Pizza, San Diego, LLC completes buy-out - August 2005 PJ Pizza, San Diego, LLC, a newly formed California limited liability company, has completed the acquisition of 26 Papa John’s restaurants from Louisville, KY based AJ Pizza, LLC. In addition to the purchase of the restaurants, PJSD has also acquired, from Papa John’s International, Inc., the exclusive development rights in San Diego County for an additional six locations. The 26-unit chain, which is among the highest volume in the Papa John’s system, is the only Papa John’s franchisee operating in rapidly growing San Diego County. AJ Pizza’s highly regarded senior management team, led by Brian Mills, has joined PJSD and will continue to run the business. Auspex Capital acted as M&A advisor to PJ San Diego and also assisted management with the structuring and placement of the acquisition term loan, and a development line of credit. Chris Kelleher joins Auspex Capital - August 2005 Auspex Capital is pleased to announce that Christopher Kelleher has joined the company as Partner and Managing Director overseeing new business development and the strategic direction of the firm. Mr. Kelleher was previously a Principal at High Point Capital Partners. Prior to High Point, Mr. Kelleher was a Partner at Trinity Capital, where he was responsible for the execution of system-wide franchise restructuring programs for Burger King Corporation and Taco Bell Corp. Prior to that, Mr. Kelleher was a Senior Vice president at FMAC, where he served as the Chief Credit and Operations Officer for the Energy Finance Division. Mr. Kelleher began his franchise finance career with Citicorp in 1990. Mr. Kelleher holds an MBA from UCLA and a BA with honors from Occidental College. |
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