San Diego, CA- May 10, 2016 – Objective Capital Partners, a leading middle market investment bank focused on transactions for companies with enterprise values up to $500 million, is pleased to announce the equity and debt capitalization of Tavern & Bowl, LLC. (Tavern+Bowl), a leading restaurant and hospitality group. Objective Capital Partners served as the lead financial advisor to Tavern+Bowl providing financial leadership from strategic options assessment, through redesigning the capital structure, financial modeling and supporting the capital acquisition.
Objective Capital Partners has assisted Tavern+Bowl in raising more than $12 million dollars of equity and debt capital to fund the company’s expansion plans. With four existing locations in California, Tavern+Bowl is now positioned to expand its operations throughout the Western US with the opening of its Westgate location showcased in the Westgate Entertainment District in Glendale, Arizona.
“The Objective Capital team was much more to us in this process than a typical investment banker. They really understood our growth story and have been instrumental in helping us acquire the full range of growth capital needed to execute our multi-state expansion plans”, said Dan Hurd, CEO of Tavern+Bowl. “We are very fortunate to have the opportunity to work with Objective Capital and look forward to working with them again when the need arises.”[1]
“Our team is passionate about growth companies such as Tavern+Bowl because they represent an opportunity for us to enable a talented management team to achieve their company’s potential,” said Trever F. Acers, a Managing Director at Objective Capital Partners.
About Objective Capital
Objective Capital Partners is a leading M&A investment banking firm whose Principals have collectively engaged in more than 500 successful transactions serving the transaction needs of growth stage and mid-size companies. The executive team has a unique combination of investment banking, private equity, and business ownership experience that enables Objective Capital Partners to provide large enterprise caliber investment banking services to companies with annual revenues up to $500 million. Services include sale transactions, equity and debt capital raises and comprehensive advisory services. The firm uses a proprietary process to work to achieve maximum company valuation, premium pricing, and high client satisfaction rates post-sale. The firm’s industry expertise includes: life sciences, business services, software and hardware technology, aerospace/defense, IT services, healthcare services, energy services, biotech, consumer products and specialized manufacturing. Additional information on Objective Capital Partners is available at www.objectiveibv.com.
About Tavern+Bowl
Tavern+Bowl is a premier restaurant and hospitality company that develops and operates innovative restaurant and bar concepts. In the hospitality industry, Tavern+Bowl stands out amongst its counterparts for numerous reasons, namely due to the fact that it provides its patrons with the opportunity to participate in a contemporarily spun retro sport while maintaining an unpretentious, family-friendly atmosphere.
Tavern+Bowl has taken the concept of the neighborhood tavern to the next level by incorporating state-of-the-art bowling lanes. Unlike your average bar/restaurant, Tavern+Bowl provides its patrons with a physical activity that promises its participants an exciting alternative to an otherwise mundane social scene. An undiscriminating sport, bowling requires little-to-no prior training and can be enjoyed by young and old, male and female, singles and families alike. Tavern+Bowl appeals to every demographic with its unparalleled versatility, providing the perfect locale for birthday parties, mixers, corporate events, holiday parties, and other social occasions.
Unlike other modern-day bowling centers, Tavern+Bowl also attracts non-bowlers with its familiar yet innovative menu. Our Southern California-inspired meal selection features down-home comfort food with a gourmet twist. Ultimately, Tavern+Bowl strives for recognition not only as an outstanding entertainment venue but a renowned eatery that offers American cuisine suitable for even the most critical palate. While similar concepts choose to focus on elements of nightlife, Tavern+Bowl places culinary expertise at the forefront of their business model. Visit www.tavernbowl.com to learn more.
