Business Description:
Shari’s owns and operates a chain of approximately 100 family dining restaurants primarily in the Pacific Northwest. The company offers 24-hour service for breakfast, lunch and dinner with a comprehensive menu offering of appetizers, salads, gourmet sandwiches, hamburgers, desserts and pies. The company was founded in 1978 and is based in Beaverton, Oregon.
Falcon Solution:
A non-traditional private equity group acquired the company in December 2005. In support of the acquisition, Falcon provided senior and junior preferred stock with equity participation rights to supplement the equity provided by the sponsor and its co-investors.
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Industry:
Family dining restaurants in Pacific Northwest
Sponsor:
Non-traditional private equity group
Securities:
Senior preferred stock and junior preferred stock with equity participation rights
Financing Challenge:
Non-traditional sponsor transaction with a significant equity capital need
Exit Date:
Current investment
Company Website:
https://www.sharis.com/
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