Trinity Capital LLC served as the exclusive financial advisor to Breads of the World, L.L.C., one of the largest Panera Bread franchisees in the system, in its sale of 20 Panera Bread bakery-cafés in the Columbus, Ohio market to Covelli Enterprises, Inc. Trinity developed and managed a highly competitive process that included both financial and strategic buyers, and worked with Breads of the World to select the buyer that represented the optimal combination of price and ability to close.
“Our partners are extremely pleased with the outcome of Trinity’s efforts. They ran a very thorough marketing process that provided us several viable options. Trinity was able to negotiate what we feel is the best outcome in realizing our investment. Trinity clearly has a command of all of the issues we needed to consider in a sale transaction, and they guided us every step of the way with very sound advice. I felt they held our interests in the highest regards, and I certainly would feel confident in recommending Trinity to any owner considering such an important decision.”
– Ken Rosenthal, Chairman