Trinity initiated the transaction by introducing TEAM Schostak Family Restaurants (“TSFR” or the “Buyer”) as a qualified and attractive re-franchising candidate to Applebee’s Restaurants Inc. Subsequent to the introduction, Trinity acted as the exclusive financial advisor to the buyer in the acquisition of the entire portfolio of 65 corporate-owned locations throughout Michigan. As part of the engagement, Trinity developed a highly competitive process among numerous senior and junior capital sources to design and facilitate the most advantageous capital structure for the Buyer. Through Trinity, TSFR was able to negotiate an exceptional outcome which included a highly attractive, multi-party capital structure that not only captured peak market terms, but also closed on-time and according to seller requirements. The capital structure included a consortium of senior debt providers agented by GE Capital, Franchise Finance, a preferred equity investment by an industry focused institutional investor and a common equity investment by certain members of the Schotak family.
"Trinity was much more to us in this transaction than a typical investment broker. They introduced the opportunity, structured creative deal terms, navigated multiple parties’ agendas into one a cooperative effort and all the while passionately protected out interests until finally achieving a fantastic outcome for my family and organization. Trinity never missed a deadline, and they ran a process which ensured that the ultimate transaction closed on time. These guys are true experts in the restaurant space . . . we couldn’t have closed the transaction so painlessly or reached such attractive deal terms without Trinity representing us. I will definitely work with them again. "
- Mark Schostak, Executive Chairman of TEAM Schostak Family Restaurants