New York, NY (Restaurant Information Launch) 4×4 Capital (‘4×4’), a number one funding platform targeted on creating worth for center market corporations in shopper items and providers, at present introduced the acquisition of Bob Evans Eating places from Golden Gate Capital. The transaction underscores the enduring worth of the Bob Evans Eating places enterprise and goals to maximise its long-term development potential.
Born on a farm in Rio Grande, Ohio, in 1948, Bob Evans Eating places is a family-style restaurant chain recognized for its farm recent elements and hospitality. The model provides high-quality, farm recent meals at an awesome worth for households nationwide. The all-American household eating model has greater than 400 areas using over 15,000 folks in 18 States. The model’s dedication to neighborhood engagement by means of farming and neighborhood initiatives stays a cornerstone of its identification.
CEO Mickey Mills and her crew will proceed to guide the corporate to serve clients as they’ve proudly accomplished for the previous 78 years. 4×4 Co-Founder & Accomplice Gustavo Assumpção will function Govt Board Chair.
4×4 Capital has a robust monitor document of investing in and accelerating development throughout the meals and beverage sector by means of a value-creation playbook rooted in lively possession and shut partnership with management groups.
“We’re happy with what we achieved in partnership with Golden Gate Capital and excited to start this subsequent chapter with 4×4’s hands-on partnership. Collectively, we sit up for investing in and enhancing our operations, visitor expertise, and model – with a continued give attention to stability, partnership, and long-term worth creation,” mentioned CEO Mickey Mills.
“What actually units the Bob Evans model aside is its distinctive hospitality, welcoming ambiance, and recent, flavorful meals – delivering actual worth for the entire household. We sit up for partnering with Mickey and the crew to maximise long-term development,” commented Gustavo Assumpção, Govt Board Chair and 4×4 Co-Founder & Accomplice.
“We’re actually grateful to the terrific crew at Bob Evans for his or her robust stewardship of this iconic model. We want the crew all one of the best as they enter their subsequent part of development,” mentioned Neale Attenborough, Managing Director at Golden Gate Capital.
Kroll’s Restaurant & Retail Funding Banking follow served because the unique advisor to Bob Evans Eating places. Piper Sandler & Co. acted as advisor to 4×4 Capital.
About Bob Evans Eating places, LCC
Rooted within the agricultural heritage of founder Bob Evans, whose humble Farmhouse Kitchen laid the inspiration for our eating places over 70 years in the past, Bob Evans continues to embody the spirit of farm-fresh elements and hospitality at present. At this time’s Bob Evans Farmhouse Kitchen stays true to custom, using recent elements and recent preparation in each dish throughout our almost 420 areas in 18 states. From the basic Farmer’s Selection Breakfast to the slow-roasted, hand-carved turkey dinner, every chunk displays our dedication to delivering America’s Farm Recent at each meal, day-after-day. For extra data and restaurant areas, go to BobEvans.com, obtain the Bob Evans app on iOS and Android, or comply with us on Fb and Instagram.
About 4×4 Capital
4×4 Capital is a New York-based funding agency targeted on creating worth for center market corporations throughout the Client Items, Client Providers, and Client Adjacencies sectors in North America. Based in 2018, the agency takes an lively possession strategy to investing, combining deep operational experience with a scientific value-creation playbook to assist corporations unlock long-term development and operational excellence. 4×4 Capital has a confirmed funding and operational monitor document throughout multi-billion-dollar companies worldwide. Go to 4x4capital.com for extra data.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based personal fairness agency targeted on partnering with administration groups to construct distinctive shopper, industrials, know-how, and monetary providers corporations. Since its founding in 2000, the agency has managed roughly $20 billion in cumulative dedicated capital. For extra data, go to GoldenGateCap.com.
Contacts:
Bob Evans Eating places:
pr@bobevans.com
4×4 Capital:
information@4x4capital.com
Golden Gate Capital:
GoldenGate@fgsglobal.com
